Mahindra’s Auto Sector registers an impressive 53% growth in November 2011







Published by Gerald Ferreira Date: December 5, 2011
Categories: Mahindra, Mahindra Financial

Mumbai, December 1, 2011: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the US $14.4 billion Mahindra Group, today announced a 53% rise in its auto sales numbers, which stood at 40722 units during November  2011 as against 26666 units during November 2010.

Bucking industry trends, the company’s domestic sales stood at 38159 units during November 2011, as against 25166 units during November 2010, an increase of 52%. The 4-wheeler commercial segment which includes the passenger and load categories has registered an impressive growth of 74% at 13362 units.

Speaking on the numbers, Rajesh Jejurikar, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “We are delighted with our outstanding growth in November wherein in spite of the market slowdown post the festive season, we have been able to maintain a consistent performance. All our brands are doing well with the excitement around XUV5OO continuing, as we ramp up production".

Sales Summary November2011

Segment

                              Nov F12

                                    Nov F11

                     YTD Oct F12

                        YTD Oct F11

Passenger Vehicles (UVs & Verito)

17813

12323

137206

113646

4-wheelers Commercial (Passenger & Load)*

13362

7699

96973

63811

3-wheelers

5889

4468

45370

38543

MNAL

1095

676

8457

7419

DOMESTIC TOTAL

38159

25166

288006

223419

M&M EXPORTS

2563

1500

17673

10464

Verito Exports

0

0

1500

SECTOR TOTAL

40722

26666

305679

235383

*Includes Maxximo, Gio, Genio & Bolero Pick up