Mahindra & Mahindra Records 22% Growth in August

Modified On Sep 01, 2012 03:13 PM By Wajeeh

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Mahindra & Mahindra Ltd. today announced a 22% rise in its auto sales numbers, which stood at 45836 units during August 2012 as against 37684 units during August 2011. The company’s domestic sales stood at 42826 units during August 2012, as against 35756 units during August 2011, recording a growth of 20%. The Passenger Vehicles segment (which includes the UVs and Verito) has registered a growth of 39%, having sold 21831 units in August 2012, as against 15664 units during August 2011. Exports have also grown by 56%.

Speaking on the performance for the month of August’ 12 , Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “Considering the challenging external environment, we are happy to have achieved a growth of 22% . Our New Look Verito has evoked a positive response of having crossed the 2000 plus units sales mark during August 2012. The overall sentiments for the auto industry are low which could benefit from a relief in interest rates, to boost sales. At Mahindra we continue to remain cautious and watchful of the situation”.

Sales Summary August 2012


Segment	August 2012	August 2011	YTD August FY13	YTD August FY12	MOM Growth%	YOY Growth %
Passenger Vehicles (UVs & Verito)	21831	15664	105346	81190	39%	30%
4-wheelers Commercial (Passenger & Load)*	14267	12563	68366	57091	14%	20%
3-wheelers	6004	6394	24968	25847	-6%	-3%
MNAL	724	1135	5133	5231	-36%	-2%

DOMESTIC TOTAL	42826	35756	203813	169359	20%	20%
M&M EXPORTS	3010	1928	15111	9955	56%	52%
SECTOR TOTAL	45836	37684	218924	179314	22%	22%