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M&M reports 10% growth in September auto sales

01 Oct 2012 Evaluate

Mahindra & Mahindra (M&M), India’s leading SUV manufacturer has reported 9.53% rise in September auto sales at 48,342 units as compared to 44,137 units in September 2011. The half-yearly consolidated auto sales numbers for the period April to September 2012 stood at 2,67,266 units, up by 20% over the corresponding period of the last fiscal. The company’s passenger vehicles have registered a growth of 22% at 23,808 units. However it is noteworthy that September 2012 and September 2011 are not comparable as the festive season had started early in 2011. The company’s domestic sales stood at 45,231 units during September 2012, as against 41136 units during September 2011, an increase of 10%. The 4 wheeler commercial segment which includes the passenger and load categories has registered a growth of 7%.

Exports for the month of September 2012 stood at 3079 units, with an overall growth of 40% during the period April- September, 2012.

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