Mahindra And Mahindra Limited, Auto sales grew by 11 per cent in India.M & M had sold 47824 units of its vehicles in February 2013 compared to 43087 units during February 2012.
- Passenger Vehicles segment (which includes the UVs and Verito) – 23421 units in February 2013 compared to 20573 units during February 2012, an increase of 14 per cent.
- Four wheeler commercial segment [Including Passenger and Load vehicles] – 15167 units sold
- In the Three wheeler segment it sold 4803 units in February 2013
Mahindra And Mahindra Limited Farm Equipment Sector [ FES ], maintined its leadership position in tractor industry by selling 13944 units in the domestic market during February 2013 compared to 14341 units in February 2012.
- Total tractor sales (domestic + exports) – 14861 units were sold in February 2013 compared to 15316 units in February 2012
Chief Executive, Mahindra & Mahindra Limited Automotive Division, Pravin Shah said
“We have a balanced budget from the Finance Minister that emphasizes inclusive and sustainable growth which we hope will bring the much needed positive sentiment for the economy, including the automotive industry. However, levying a 3% higher duty on SUVs on the basis of higher ground clearance is disappointing as it slows down further growth and does not provide equal competitive space to all players. Our February 2013 performance is reflective of the customers’ preference for our products, for which we thank them”.
M & M February 2013 Sales
|Segment||Feb 2013||Feb 2012||Feb 2013 Vs Feb 2012 growth|
|Passenger Vehicles (UVs & Verito)||23421||20573||14%|
|4-wheelers Commercial (Passenger & Load)
Includes Maxximo, Gio, Genio & Bolero Pick up