Mahindra’s Auto Sector clocks its highest ever monthly sales of 36718 units

Mumbai, February 1, 2011: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the US $7.1 billion Mahindra Group, today announced its highest ever sales in a month which stood at 36718 units during January 2011  as against 30149 units during January 2010, an increase of 22%. The company’s all-time high domestic sales stood at 34601 units during January 2011, as against 28988 units during January 2010, an increase of 19%. Exports have grown by 82% during the same period.

The Passenger Vehicles segment (which includes the UVs as well as the Logan) has also registered a growth of 15%, having sold 17208 units in January 2011, as against 14998 units during January 2010. The 4 wheel pick-up segment, which includes the  Maxximo, Gio and the newly launched Genio have registered a growth of 18%, while the 3-wheelers segment has also grown by 37%

Speaking on the record numbers, Rajesh Jejurikar, Chief Executive, Automotive Division, Mahindra & Mahindra said, ““It is a matter of pride for us that January 2011 has been a record month for auto sales in the history of Mahindra, wherein we have sold a total of 36718 vehicles. All our brands have done exceptionally well with the Logan having clocked a sale of 1120 units which is the highest during the last 28 months. With the launch of the Genio, we hope to further consolidate our position in the pick-up segment”. 

 

 

 

 

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, defense, energy, finance and insurance, industrial equipment, logistics, real estate, retail, steel, and two wheelers.  A US $7.1 billion multinational group based in Mumbai, India, Mahindra employs more than 112,000 people in over 79

Sales Summary – January 2011

Segment              Jan

2011                   Jan

2010       YTD Jan

F11            YTD

Jan F10Passenger UVs(A) 16088 14443 138615 123655Logan (B) 1120 555 7840 4444Passenger Vehicles (A+B) 17208 14998 146455 128099

4-wheel pickups  including Genio, Maxximo and Gio

10193 8673 84165 57675

3-wheelers 6177 4516 50648 36426MNAL 1023 801 9298 7989DOMESTIC TOTAL 34601 28988 290566 230189M&M EXPORTS 1713 1161 13693 7499Logan Exports 404 0 1904 1000SECTOR TOTAL 36718 30149 306163 238688

countries.  In 2010, Mahindra was named among the Forbes Asian Fab 50 and the Credit Suisse Great Brands of Tomorrow. Its flagship company Mahindra & Mahindra Limited has recently earned the distinction of being the only Indian automobile manufacturer to feature in the top 10 list of the Carbon Disclosure  Leadership Index in India,- 2010, created by the Carbon Disclosure Project (CDP). For more information, visit www.mahindra.com