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…
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
