Mahindra & Mahindra: Auto sales release for May 2013

Mahindra & Mahindra sales figures for May 2013

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Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, recently announced its auto sales numbers for the month of May 2013, which stood at 42104 units in the domestic market as against 39938 units during May 2012.

The company’s total sales stood at 43460 units during May 2013, as against 43989 units during May 2012. The Passenger Vehicles segment (which includes the UVs and Verito) registered a growth of 5%, having sold 22244 units in May 2013 as against 21154 units during May 2012.

The 4 wheeler commercial segment which includes the passenger and load vehicles registered a 12% growth, having sold 14848 units, while the 3 wheeler segment clocked 4028 units in May 2013. Exports for the month of May 2013 stood at 1356 units.
Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “We have achieved an overall growth of 5% in our domestic volumes during May 2013 for our automotive sector, in spite of a challenging environment. The growth in capital investment and private spending have also slowed down which is a cause for concern. At Mahindra we remain cautiously optimistic of the situation and do hope that on the back of the new product launches, the auto industry will rev up sooner than later”.

Sales Summary May 2013

SegmentMay FY14May FY13YTD May F14YTD May F13MOM May F14 Vs May F13 growth%YOY YTD May F14 Vs YTD May F13 growth%
Passenger Vehicles (UVs & Verito)

22244

21154

42992

41708

5%

3%

4-wheelers Commercial (Passenger & Load)*

14848

13254

29262

26308

12%

11%

3-wheelers

4028

4320

8064

8979

-7%

-10%

MNAL

984

1210

1688

2238

-19%

-25%

DOMESTIC TOTAL

42104

39938

82006

79233

5%

3%

M&M EXPORTS

1356

4051

2886

5471

-67%

-47%

SECTOR TOTAL

43460

43989

84892

84704

-1%

0%

 *Includes Maxximo, Gio, Genio & Bolero Pick up

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