Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M), a part of the $14.4 billion Mahindra Group, has reported a 53% rise in its auto sales numbers, which stood at 40722 units during November 2011 as against 26666 units during November 2010.

Bucking industry trends, the company’s domestic sales stood at 38159 units during November 2011, as against 25166 units during November 2010, an increase of 52%. The 4-wheeler commercial segment which includes the passenger and load categories has registered an impressive growth of 74% at 13362 units.

The company’s net profit after tax for the September quarter marginally declined by 2.78% of Rs 737.38 crore as compared to Rs 758.49 crore for September quarter of the year 2010. The company’s total income increased by 34.75% at Rs 7592.14 crore for Q2FY12 as compared to Rs 5634.13 crore for the corresponding quarter of the previous year.