Mahindra's Auto Sector sales grow by 34% during October 2010 Auto Division exports grow by 127%

Top Quote Mahindra's announce a growth of 34% in auto sales and Auto division exports have grown by 127% in October 2010 during the same compared to same period, last year. End Quote
  • (1888PressRelease) November 02, 2010 - Mumbai - Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the US $7.1 billion Mahindra Group, today announced a 34% growth in its auto sales numbers for the month of October 2010 which stood at 34,495 units as against 25,670 units during October 2009.

    The company's domestic sales stand at 32491 units during October 2010, as against 24538 units during October 2009, an increase of 32%. Auto division exports have grown by 127% during the same period.

    The Passenger UV segment has also registered a growth of 21%, having sold 15908 units in October 2010, as against 13114 units during October 2009.

    About The Mahindra Group

    Mahindra embarked on its journey in 1945 by assembling the Willys Jeep in India and is now a US $7.1 billion Indian multinational. It employs over 1,00,000 people across the globe and enjoys a leadership position in utility vehicles, tractors and information technology, with a significant and growing presence in financial services, tourism, infrastructure development, trade and logistics. The Mahindra Group today is an embodiment of global excellence and enjoys a strong corporate brand image.

    Mahindra is the only Indian company among the top tractor brands in the world. It is today a full-range player with a presence in almost every segment of the automobile industry, from two-wheelers to CVs, UVs, SUVs and sedan. Mahindra recently acquired a majority stake in REVA

    Electric Car Co Ltd. (now called Mahindra REVA), strengthening its position in the Electric Vehicles domain.

    The Mahindra Group expanded its IT portfolio when Tech Mahindra acquired the leading global business and information technology services company, Satyam Computer Services. The company is now known as Mahindra Satyam.

    Mahindra is also one of the few Indian companies to receive an A+ GRI checked rating for its first Sustainability Report for the year 2007-08 and has also received the A+ GRI rating for the year 2008- 09.

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