Mahindra’s Automobile Sector registers a 26% growth in sales during December 2011







Published by Gerald Ferreira Date: January 1, 2012
Categories: Mahindra, Mahindra Financial

Exports grow by 89%, XUV5OO bookings to re-open this month

 Mumbai, January 1, 2012: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the US $14.4 billion Mahindra Group, today announced a 26% rise in its auto sales numbers, which stood at 42761 units during December 2011 as against 34062 units during December 2010.

Despite industry slowdown and rising input costs, the company’s domestic sales stood at 39891 units during December 2011, as against 32546 units during December 2010, an increase of 23%. The 4-wheeler commercial segment which includes the passenger and load categories has registered a growth of 35% at 13757 units.

Speaking on the numbers, Rajesh Jejurikar, Chief Executive, Automotive Division, Mahindra & Mahindra said, “We are delighted with the 26 per cent growth in December, thanks to the great all round performance of all our brands. We thank our customers for their support and loyalty and wish them a prosperous new year”.

Sales Summary December2011

Segment

Dec F12

Dec F11

YTD Dec F12

YTD Dec F11

Passenger Vehicles (UVs & Verito)

19341

15601

156547

129247

4-wheelers Commercial (Passenger & Load)*

13757

10161

110730

                                    73972

3-wheelers

5744

5928

51114

44471

MNAL

1049

856

9506

8275

DOMESTIC TOTAL

39891

32546

327897

255965

M&M EXPORTS

2870

1516

20543

11980

Verito Exports

0

0

1500

SECTOR TOTAL

42761

34062

348440

269445

*Includes Maxximo, Gio, Genio & Bolero Pick up

About The Mahindra Group

The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.

A US $14.4 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000 people in over 100 countries.

In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow.

In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.