Mahindra & Mahindra automotive have registered an 11 per cent growth for the month of March 2013 by selling 51904 units as compared to 46919 units in the corresponding period last year. The company’s domestic sales stood at 49225 units during March 2013, as against 44260 units during March 2012, an increase of 11 per cent.
The passenger vehicles segment (which includes the UVs and Verito) has registered a growth of 13 per cent, having sold 25847 units in March 2013, as against 22961 units during March 2012.Mahindra also announced a 17 per cent growth in its auto sales numbers for the Financial Year 2012-13, with a sales figure of 563373 units as against 483164 units in FY 2011-12.
Speaking on the performance, Pravin Shah, chief executive, automotive division, said, “We are happy to have crossed the half a million sales mark for the first time, during FY 2012-13, given the challenges and the pressures the auto industry is currently facing. The three per cent additional excise duty on SUVs is clearly a deterrent and by not having a level playing field for all SUVs, it certainly destabilises the market dynamics. At Mahindra, we hope to create excitement in the market during FY 2013-14 especially with the launch of our sub -4 metre Verito and other product offerings.”
