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Mahindra's Auto Sector registers 18% growth in passenger vehicles in December 2012

Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced a 6% rise in its auto sales numbers, which stood at 45297 units during December 2012 as against 42761 units during December 2011.

The company’s domestic sales stood at 42307 units during December 2012, as against 39891 units during December 2011, an increase of 6%. The Passenger Vehicles segment (which includes the UVs and Verito) registered a growth of 18%, having sold 22761 units in December 2012, as against 19341 units during December 2011.

The 4 wheeler commercial segment which includes the passenger and load categories registered a sale of 13706 units, while the 3 wheeler segment clocked 5209 units in December 2012. Exports for the month of December 2012 stood at 2990 units, a growth of 4% over December 2011.

Speaking on the monthly performance , Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra mentioned, "High interest rates, rising fuel prices and an overall slowdown in economic growth has kept consumer sentiment low during 2012. This is also evident in the auto industry sales performance for December, which traditionally has been a lean month. We do hope that corrective measures are announced and implemented soon bringing in the much needed buoyancy and growth for the industry. At Mahindra, we are happy to maintain our growth momentum even during these challenging times".
Segment
December 2012
December 2011
YTD Dec FY13
YTD Dec FY12
MOM Dec FY 13 v Dec FY 12 Growth%
YOY Growth (YTD Dec FY 13 to YTD FY12 growth %)
Passenger Vehicles (UVs & Verito)
22761
19341
203447
156547
18%
30%
4-wheelers Commercial (Passenger & Load)*
13706
13757
127403
110730
0%
15%
3-wheelers
5209
5744
50065
51114
-9%
-2%
MNAL
631
1049
8535
9506
-40%
-10%
DOMESTIC TOTAL
42307
39891
389450
327897
6%
19%
M&M EXPORTS
2990
2870
24691
20543
4%
20%
MNAL Exports
0
0
1
0
SECTOR TOTAL
45297
42761
414142
348440
6%
19%