Mahindra’s Auto Sector sales grow by 42% during December 2010

Jan. 3, 2011 - PRLog -- Mumbai, January 1, 2011: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the US $7.1 billion Mahindra Group, today announced a 42% growth in its auto sales numbers for the month of December 2010 which stood at 34062 units as against 24001 units during December 2009.The company’s domestic sales stood at 32546 units during December 2010, as against 22754 units during December 2009, an increase of 43%.

The Passenger Vehicles segment (which includes the UVs as well as the Logan) has also registered a growth of 28%, having sold 15601 units in December 2010, as against 12212 units during December 2009. The 4 wheel pick-up segment, which includes the Maxximo and the Gio, have registered a growth of 47%, having sold 10161 units during December 2010 as against 6933 units during December 2009.

The 3-wheelers of the company also grew by 104% having sold 5928 units in December 2010 compared to 2909 units in December 2009.

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, aerospace, after-market, real estate, hospitality, 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 UVs, SUVs and CVs. Mahindra has 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 Satyam Computer Services, now known as Mahindra Satyam.

Its flagship company Mahindra & Mahindra Limited has recently earned the distinction of being the only Indian automobile manufacturer to feature in the top 10 list of the Carbon Disclosure  Leadership Index in India,- 2010, created by the Carbon Disclosure Project (CDP). CDP is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world.

# # #

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.