The Passenger Vehicles segment (which includes the UVs and Verito) registered a growth of 1%, having sold 20748 units in April 2013, as against 20554 units during April 2012.The company’s domestic sales stood at 39902 units during April 2013, as against 39295 units during April 2012.
The 4 wheeler commercial segment which includes the passenger and load vehicles registered a 10% growth, having sold 14414 units, while the 3 wheeler segment clocked 4036 units in April 2013. Exports for the month of April 2013 stood at 1530 units, a growth of 8%.
Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “We are extremely disappointed that the additional 3% excise duty on SUVs has not been reversed in the Finance Bill, which would have brought about some cheer and momentum for SUV makers and provided them with a level playing field. We remain cautiously optimistic of the current situation and do hope that with the much awaited and needed reduction in interest rates announcement by the RBI next week, the auto industry will look up. At Mahindra, we hope to create excitement with the launch of the Verito Vibe and other product variants”.
Sales Summary April 2013
Segment
|
April
2013
|
April 2012
|
MOM April 2013 Vs April 2012 growth
|
Passenger Vehicles
(UVs & Verito)
|
20748
|
20554
|
1%
|
4-wheelers
Commercial (Passenger & Load)*
|
14414
|
13054
|
10%
|
3-wheelers
|
4036
|
4659
|
-13%
|
MNAL
|
704
|
1028
|
-32%
|
DOMESTIC
TOTAL
|
39902
|
39295
|
2%
|
M&M EXPORTS
|
1530
|
1420
|
8%
|
MNAL EXPORTS
|
0
|
0
|
--
|
SECTOR
TOTAL
|
41432
|
40715
|
2%
|
*Includes Maxximo, Gio, Genio & Bolero Pick up
About Mahindra
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
A USD 15.9 billion multinational group based in Mumbai, India, Mahindra employs more than 155,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheeler industries.
In 2012, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. In 2013, the Mahindra Group received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category. Visit us at www.mahindra.com
