Mahindra automotive sales cross 2mn threshold

Mahindra & Mahindra Limited in the month of July rolled out its 2 millionth vehicle, achieving a significant sales milestone.

On the occasion Dr. Pawan Goenka, President, Automotive Sector, M&M said, "Over the last 60 years volumes have grown at the rate pf 9% per annum, CAGR in the last 5 years has grown by 22%. UV sales account for 82%, LCVs "� 9%, 3 wheelers "� 6% and exports contributed 3% to the 2 million mark. The roll out of the 2 millionth vehicle is an indicator to our exponential growth in the industry as an automaker."

M&M clocking good sales numbers is the reflection of the innovation that the company has passed on to their vehicles. Mahindra's products are both affordable and highly aspirational. Over the last decade itself, M&M has sold 1 million vehicles. This can be attributed to the company's constant practice of taking customer feedback on its products at critical stages in their lifecycles.

M&M which is a part of the $4.5 billion Mahindra Group continued strong growth of Q1 F08 into the month of July clocking vehicle sales of 19163 units in July 2007, a growth of 46% over the same month last year.

Passenger Cars
Mahindra Renault sold 2890 units of frugal and affordable wide body sedan, Logan, in the month of July. Logan is the highest selling sedan. Scorpio is the highest selling UV.

Domestic sales
M&M's domestic sales were recorded as 18536 units as opposed to 12481 units in the same month last year, a growth of over 49%.

Exports
The company exported 627 vehicles in July 2007 a 4% dip in contrast to 655 units in the corresponding period last fiscal.

M&M posts 18% rise in tractor exports in July
Mahindra & Mahindra's Farm Equipment sector, a part of the $4.5 billion Mahindra Group with a growing global presence, saw a significant 18% rise in tractor exports, while domestic sales dipped 9%. India's leader in tractors posted volumes of 6368 for July F08 as compared with 7000 in July F07. The total sales volume for the month stood at 6987 including exports, against 7526 in F07.

Cumulative sales (April to July) showed a marginal dip of 1% over the same period last fiscal. The company posted total sales volumes of 34278 tractors in F08 including exports as compared with 34884 in F07 in the same period last year.