Mahindra's auto sales register 20% growth in June 2010
Mahindra Auto Exports grow by 179%
Tweet-- Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the US $7.1 billion Mahindra Group, today announced that its auto sales for June 2010 stands at 27562 units, as against 22999 units for the same period last year, an increase of 20%.
The company's domestic sales stand at 26243 units, as against 22526 units in June 2009, an increase of 16.5%. Exports have grown by 179%.
The 3W-Gio-Maxximo range of products have registered a phenomenal growth of 125% over same period last year.
Despite the annual shutdown in the first week of June, the Auto Division had posted such strong growth rates.
The YTD UV sales which include the Scorpio, Xylo, Bolero and Pick-Ups, stand at 53948 units, as against 48720 units in June 2009, a growth of 11%.
The total YTD sales of Q1 F11 stand at 82093, as against 62869 for the same quarter of last year, a growth of 31%
Notes to Editor
About The Mahindra Group
The US $7.1 billion Mahindra Group is among the top 10 industrial houses in India. Mahindra is the market leader in multi-utility vehicles in India. It made a milestone entry into the passenger car segment with the Logan. Mahindra & Mahindra is the only Indian company among the top tractor brands in the world.
The Group has a leading presence in key sectors of the Indian economy, including the financial services, trade, retail and logistics, automotive components, after-market, information technology and infrastructure development. Mahindra has made an entry in the two-wheeler segment which will see the company emerge as a full-range player with a presence in almost every segment of the automobile industry.
The Mahindra Group recently expanded its IT portfolio when Tech Mahindra acquired the leading global business and information technology services company, Satyam Computer Services. The company is now known as Mahindra Satyam.
Mahindra's Farm Equipment Sector is the proud recipient of the Japan Quality Medal, the only tractor company worldwide to be bestowed this honour. It also holds the distinction of being the only tractor company worldwide to win the Deming Prize. The US based Reputation Institute recently ranked Mahindra among the top 10 Indian companies in its Global 200: The World's Best Corporate Reputations list.
Mahindra is also one of the few Indian companies to receive an A+ GRI checked rating for its first Sustainability Report for the year 2007-08.