Mahindra India Achieves its Highest Ever Monthly Sales in September 2012

Mahindra & Mahindra Ltd India has today announced an all time high monthly auto sales number of 48342 units, recording a 10% rise over September 2011 of 44137 units. The half-yearly consolidated auto sales numbers for the period April to September 2012 stood at 267266 units, up by 20% over the corresponding period of the last financial year. The company’s automotive sector has achieved its highest ever monthly sales at 48342 units during September 2012, with its passenger vehicles registering a growth of 22% at 23808 units.

However it is noteworthy that September 2012 and September 2011 are not comparable as the festive season had started early in 2011. The company’s domestic sales stood at 45263 units during September 2012, as against 41136 units during September 2011, an increase of 10%. The 4 wheeler commercial segment which includes the passenger and load categories has registered a growth of 7%. Exports for the month of September 2012 stood at 3079 units, with an overall growth of 40% during the period April- September, 2012.

Speaking on the performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “We are happy with the performance and growth that we have achieved during September 2012 over the festive season month of September 2011. Post reduction in CRR, banks have started cutting lending rates and are also looking at reducing vehicle loan rates. We are hopeful of a good performance in the upcoming festive season”.