M&M automotive sales including exports grow by 15.5% in May 2008

M&M automotive sales including exports grow by 15.5% in May 2008

MUMBAI, June 2, 2008: Mahindra & Mahindra, a part of the US $6.7 billion Mahindra Group, announced its May 2008 automotive sales figures.

Combined automotive sales, including exports in May 2008, were at 20,653 vehicles, as against 17,881, in the corresponding period last year, an increase of 15.5%.

Total automotive domestic sales for May 2008 stood at 19,296 vehicles, as against 17,079 vehicles in May 2007, registering a growth of 13%.

Automotive exports for May 2008 stood at 1357 vehicles, as against 802 vehicles in May 2007.

Passenger Cars
Mahindra Renault sold 1531 units of the Logan in May 2008, as against 2551 units sold in May 2007.

Domestic sales
M&M clocked total automotive vehicles sales of 19,296 units in the domestic market in May ‘08 as against 17,079 in the corresponding month last fiscal, a 13% increase.

Exports
The company’s automotive sector clocked sales of 1357 vehicles in May ’08 as against 802 units in the corresponding period last fiscal.

####
About the Mahindra Group

The US $6.7 billion Mahindra Group is among the top 10 industrial houses in India. Mahindra & Mahindra is the only Indian company among the top tractor brands in the world. Mahindra’s Farm Equipment Sector has recently won the Japan Quality Medal, the only tractor company worldwide to be bestowed this honour. It also holds the distinction of being the only tractor company worldwide to win the Deming Prize.

Mahindra is the market leader in multi-utility vehicles in India. It made a milestone entry into the passenger car segment with the Logan.

The Group has a leading presence in key sectors of the Indian economy, including the financial services, trade and logistics, automotive components, after-market, information technology, and infrastructure development.