Mahindra’s Auto Sector registers 23% growth in April 2011 sales numbers

Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the US $11.1 billion Mahindra Group, today announced a 23% rise in its auto sales numbers, which stood at 32090 units during  April 2011 as against 26043 units during April 2010.
 

The company’s domestic sales stood at 30349 units during April 2011, as against 25037 units during April 2010, an increase of 21%.
 

The Passenger Vehicles segment (which includes the UVs as well as the newly launched Verito) registered a growth of 20%, having sold 15459 units in April 2011, as against 12923 units during April 2010. The 4 wheel pick-up and commercial passenger segment has registered a growth of 16%, while the 3-wheelers segment has grown by an impressive 45%.
 

Speaking on the numbers, Rajesh Jejurikar, Chief Executive, Automotive Division, Mahindra & Mahindra said, ““We are happy with the 23% growth that we have clocked in April.  All our brands have been doing well and with recent launches such as Verito, Maxximo Mini Van and Gio Compact Cab, we hope to further consolidate our position in these segments”.