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Mahindra January 2013 Sales Up 11%
Mahindra & Mahindra Ltd. (M&M Ltd.), India's leading SUV manufacturer, today announced a 11% growth in its auto sales numbers which stood at 49503 units during January 2013 as against 44718 units during January 2012.
The Passenger Vehicles segment (which includes the UVs and Verito) registered a growth of 33%, having sold 26555 units in January 2013, as against 19975 units during January 2012.The company's domestic sales stood at 47841 units during January 2013, as against 41369 units during January 2012, an increase of 16%.
The 4 wheeler commercial segment which includes the passenger and load vehicles registered a sale of 14451 units, while the 3 wheeler segment clocked 5811 units in January 2013. Exports for the month of January 2013 stood at 1662 units.
Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. commented, "The recently announced reduction of 25 BPS both in the Repo and CRR rates is a positive step and is expected to bring in the much desired momentum in the market. The Industry has already seen reductions in auto loan rates announced by some banks which will help improve customer sentiments. We are happy to have grown in some of our major segments during January 2013".
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