Mahindra’s auto sales register 29% growth in August 2010

Sept. 2, 2010 - PRLog -- Mumbai, September 1, 2010: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the US $7.1 billion Mahindra Group, today announced that its auto sales for August 2010 stood at 28903 units as against 22413 units during August 2009, an increase of 29%.

The company’s domestic sales stand at 27275 units during August 2010, as against 21410 units during August 2009, an increase of 27%. Exports have grown by 62% during the same period.

The domestic sales for the passenger UV range of products including the Bolero, Scorpio and Xylo stood at 12994 units during August 2010 up by 14% from 11443 units during August 2009.

The 3-wheeler range of products domestic sales stood at 5074 units during August 2010 up by 39% from 3652 units during August 2009. The 4-wheel pickups range of products domestic sales stood at 7533 units during August 2010 up by 45% from 5188 units during August 2009.

The sale of the company’s sedan, the Logan, has also seen an upward trend with sales for August 2010 standing at 801 units as against 469 units during July 2009, a growth of 71%.

About The Mahindra Group

Mahindra embarked on its journey in 1945 by assembling the Willys Jeep in India and is now a US $7.1 billion Indian multinational. It employs over 1,00,000 people across the globe and enjoys a leadership position in utility vehicles, tractors and information technology, with a significant and growing presence in financial services, tourism, infrastructure development, trade and logistics. The Mahindra Group today is an embodiment of global excellence and enjoys a strong corporate brand image.

Mahindra is the only Indian company among the top tractor brands in the world. It is today a full-range player with a presence in almost every segment of the automobile industry, from two-wheelers to CVs, UVs, SUVs and sedan. Mahindra recently acquired a majority stake in REVA Electric Car Co Ltd. (now called Mahindra REVA), strengthening its position in the Electric Vehicles domain.

The Mahindra Group 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 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 and has also received the A+ GRI rating for the year 2008- 09.

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Mahindra enjoys a leadership position in utility vehicles, tractors and information technology, with a significant and growing presence in financial services, tourism, infrastructure development, trade and logistics.