Mahindra’s Auto Sector registers 28pc growth

Date: 01 Jun 2012

Mahindra & Mahindra Ltd. has announced a 28pc rise in its auto sales numbers, which stood at 43988 units during May 2012 as against 34323 units during May 2011. The company’s domestic sales stood at 39938 units during May 2012, as against 32159 units during May 2011, an increase of 24pc. The Passenger Vehicles segment (which includes the UVs and Verito) has registered a growth of 27pc, having sold 21154 units in May 2012, as against 16702 units during May 2011. Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “We are happy to have achieved a growth of 28pc during May 2012 in spite of difficult and uncertain market conditions. All our brands, especially those in the personal category are doing well. With the planned ramp up of production capacity and the re-opening of bookings of the XUV500 effective 8th of June pan India, we expect to meet the demand of many more of our XUV500 customers”.

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