Mahindra & Mahindra Domestic Sales up by 5%

Published On Jun 01, 2013 03:06 PM By Rajpal

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India's leading SUV maker, Mahindra & Mahindra has today announced its may 2013 auto sales numbers, which stood at 42104 units in the domestic market as against 39938 units during May 2012.

Mahindra XUV 500

The company’s total sales stood at 43460 units during May 2013, as against 43989 units during May 2012. The Passenger Vehicles segment (which includes the UVs and Verito) registered a growth of 5%, having sold 22244 units in May 2013 as against 21154 units during May 2012.

The 4 wheeler commercial segment which includes the passenger and load vehicles registered a 12% growth, having sold 14848 units, while the 3 wheeler segment clocked 4028 units in May 2013. Exports for the month of May 2013 stood at 1356 units.

Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “We have achieved an overall growth of 5% in our domestic volumes during May 2013 for our automotive sector, in spite of a challenging environment. The growth in capital investment and private spending have also slowed down which is a cause for concern. At Mahindra we remain cautiously optimistic of the situation and do hope that on the back of the new product launches, the auto industry will rev up sooner than later”.

Sales Summary May 2013

Segment	May FY14	May FY13	YTD May F14	YTD May F13	MOM May F14 Vs May F13 growth%	YOY YTD May F14 Vs YTD May F13 growth%
Passenger Vehicles (UVs & Verito)	22244	21154	42992	41708	5%	3%
4-wheelers Commercial (Passenger & Load)*	14848	13254	29262	26308	12%	11%
3-wheelers	4028	4320	8064	8979	-7%	-10%
MNAL	984	1210	1688	2238	-19%	-25%
DOMESTIC TOTAL	42104	39938	82006	79233	5%	3%
M&M EXPORTS	1356	4051	2886	5471	-67%	-47%
SECTOR TOTAL	43460	43989	84892	84704	-1%	0%