Mahindra registers about 18 percent growth in the passenger vehicle segment in December 2013

Mahindra and Mahindra, India’s largest SUV maker has recorded a growth rate of about 6 percent in its auto sales figures, which now stands at 45297 units during the month of December as compared to the 42761 units during the same period last year.

Mahindra domestic sales report stood at about 42307 units during the month of December 2012 as compared to the 39891 units during December last year, an overall increase of about 6 percent. The passenger vehicle segment that includes vehicles like Verito and other UVsĀ  recorded a growth of about 18 percent with the total sale of about 22761 units in December 2012 as compared to the 19341 units that it sold during 2011.

Mahindra registers about 18 percent growth in the passenger vehicle segment in December 2013

The four wheeler segment that includes all the passenger vehicle and load category vehicles recorded sale of about 13706 vehicles while the 3 wheeler segment registered about 5209 units. Export for the last month stood as about 2990 vehicles that is a growth of about 4 percent over the last year.

Chief Executive, Automotive division, Mr. Pravin Shah said that the high fuel price, high interest rates and economic slowdown has restricted the consumers during 2012. He further said that this is also observed in the performance of the auto industry during the December, which has always been a lean month. He hoped to receive some good news about the corrective measures that could help the industry to get the buoyancy and maintain the growth. However he also said that company is quite happy to maintain the growth even during these challenging conditions.

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