Mahindra auto registers 6% sales growth for December 2012

India’s largest SUV manufacturer reported a 6% increase in auto sales for the month of December 2012 with sales of 45297 units as compared to…

Mahindra Quanto

India’s largest SUV manufacturer reported a 6% increase in auto sales for the month of December 2012 with sales of 45297 units as compared to last years figures. Domestic sales statistics for December 2012 were registered at 42307 units as compared to December last year which is an impressive 6% rise. Auto sales for the passenger vehicle segment were good too as the company registered sales of 22761 units in December 2012 as compared to last year.

These figures translated into an 18% growth for the segment. The 4-wheeler and 3-wheeler commercial vehicles segment registered sales of 13706 and 5209 units for December 2012. A 4% growth was registered considering exports pertaining to this segment.

Rising prices of commodities and a sluggish economy were some of the reason why sales were quite low during 2012. Though December was a lean month, Mahindra & Mahindra hope to do well in 2013.

India auto news release: Mahindra’s Auto Sector registers 18% growth in passenger vehicles in December 2012

Auto sales stands at 45297 units during December 2012, registers growth of 6%

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 sold22761 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”.

Sales Summary December 2012

   

Segment

December2012

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%

 

 

 

 

 

 

 

 

*Includes Maxximo, Gio, Genio & Bolero Pick up