Mahindra’s auto sector sales grow by 18% during november 2010

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The company’s domestic sales stood at 25166 units during November 2010, as against 21387 units during November 2009, an increase of 18%. Auto division exports have grown by 25% during the same period.

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Mahindra’s auto sector sales grow by 18% during november 2010

  1. 1. Mahindra’s Auto Sector sales grow by 18% during November 2010 Auto Division exports grow by 25% Mumbai, December 1, 2010: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the US $7.1 billion Mahindra Group, today announced an 18% growth in its auto sales numbers for the month of November 2010 which stood at 26,666 units as against 22,589 units during November 2009. The company’s domestic sales stood at 25166 units during November 2010, as against 21387 units during November 2009, an increase of 18%. Auto division exports have grown by 25% during the same period. The Passenger Vehicles segment (which includes the UVs as well as the Logan) also registered a growth of 12%, having sold 12323 units in November 2010, as against 11043 units during November 2009. The 4 wheel pick-up segment, which includes the Maxximo and the Gio, registered a growth of 41%, having sold 7699 units during November 2010 as against 5448 units during November 2009. The company had undertaken a prescheduled plant maintenance shutdown of 6 days in November 2010.
  2. 2. 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 it s 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.

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