Mahindra's Auto Sector records its highest ever monthly sales in July 2011
Sells 39633 units, grows by 41% in July 2011, Verito sells 1630 units in July 2011 - grows by a robust 117%.
- (1888PressRelease) August 02, 2011 - Mumbai: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the US $12.5 billion Mahindra Group, today announced a 41% rise in its auto sales numbers, which stood at 39633 units during July 2011 as against 28049 units during July 2010.
The company's domestic sales stood at 37323 units during July 2011, as against 26303 units during July 2010, an increase of 42%.
The Verito sedan registered a strong growth of 117% having clocked 1630 units in July 2011, as against 752 units in July 2010, maintaining its upward growth trend since Mahindra took over the brand.
The Passenger Vehicles segment (which includes the UVs and Verito) registered a growth of 35%, having sold 17312 units in July 2011, as against 12825 units during July 2010. The 4 wheeler commercial segment which includes the passenger and load categories has registered a phenomenal growth of 91%.
Speaking on the numbers, Rajesh Jejurikar, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, "We are delighted with the 41% growth in our Automotive Business in July and the record for highest ever sales. All our brands have been doing very well and Verito continues its very strong demand momentum."
Sales Summary - July2011
Segment July 2011 July 2010 YTD July F12 YTD July F11
Passenger Vehicles (UVs & Verito) 17312 12825 65526 53003
4-wheelers Commercial (Passenger & Load) * 13472 7053 44528 30047
3-wheelers 5395 5418 19453 17586
MNAL 1144 1007 4096 3985
DOMESTIC TOTAL 37323 26303 133603 104621
EXPORTS 2310 1746 8027 5521
SECTOR TOTAL 39633 28049 141630 110142
*Includes Maxximo, Gio, Genio & Bolero Pick up
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, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.
A US $12.5 billion multinational group based in Mumbai, India, Mahindra employs more than 119,900 people in over 100 countries.
In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India's Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow.
Its flagship company Mahindra & Mahindra Limited is 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).
In 2011, Mahindra acquired a majority stake in Korea's SsangYong Motor Company.
For further information, please visit www.mahindra.com
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