Mahindra & Mahindra posts 11% jump in February sales
New Delhi: Auto-maker Mahindra & Mahindra on Friday reported 10.99 percent increase in its total sales at 47,824 units in February 2013.
The company had sold 43,087 units in the same month in 2012, Mahindra & Mahindra (M&M) said in a statement.
"Our February 2013 performance is reflective of the customers' preference for our products, for which we thank them," M&M Chief Executive (Automotive Division) Pravin Shah said.
In the domestic market, the company registered a 9.73 percent rise in sales to 44,399 units during the month compared to 40,461 units in the year-ago period, M&M said.
Total sales of passenger vehicles including Scorpio, XUV500, Xylo, Bolero and Verito, stood at 23,421 units as against 20,573 units in February 2012, translating into 13.84 percent increase.
The company, however, said sales of its three-wheelers declined by 6.03 percent to 4,803 units during February 2013 from 5,111 units in the same month last year.
Sales of the company's Gio and Maxximo mini-trucks and other four-wheeler commercial vehicles went up by 12.17 percent last month to 15,167 units from 13,522 units in the year-ago period, the statement said.
Commercial vehicle sales from Mahindra Navistar Automotives Ltd stood at 1,008 units during the month as against 1,255 units in the same month a year ago, a fall of 19.68 percent.
M&M's exports rose by 30.43 percent to 3,425 units during the month from 2,626 units in February 2012.