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Mahindra
4th May, 2009
Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the US $6.7 billion Mahindra
Group, announced domestic sales of 25,748 units in March 2009 - its highest ever monthly automotive sales figures.
“My congratulations to the entire team at M&M’s Automotive Sector. This is a clear validation of the faith customers
place in our products. I am especially pleased that our newly launched Mahindra XYLO has shown impressive sales figures,
and it is particularly gratifying that Scorpio sales continue to be robust,” said Mr. Anand Mahindra, Vice Chairman
and Managing Director, Mahindra Group.
“Our sales figures in March have been bolstered by impressive numbers for all M&M products. Domestic Utility Vehicles
have grown a solid 30% on the back of the highest ever sales for the Scorpio, Bolero and the Pik-Up. Not to mention the
strong market sentiment which continues for the recently launched XYLO, which clocked an impressive 3,171 units in sales.
March 09 represents the highest ever monthly sales figures for M&M, which bodes well for us going forward, particularly on
the back of our best quarter in the last fiscal year. Things are indeed looking up for the automotive sector this year,”
said Dr. Pawan Goenka, President, Automotive Sector, Mahindra & Mahindra Ltd.
M&M automotive sector’s total domestic volumes (including joint ventures) for the month of March 2009 stand at 25,748
units, against 23,128 units in March, 2008. This marks a solid 30% jump in sales for the company’s Utility Vehicles. This
includes the highest ever monthly sales for the Scorpio, Bolero and the Pik-Up which stood at 19,973 units for March 2009
against 15,366 units for the same period last year.
The company sold a total of 26,209 vehicles (Domestic + Exports) in March 2009, compared with 24,682 vehicles (Domestic
+ Exports) at the same time in 2008.
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Launched domestically, in India, during January 2009, the Mahindra XYLO has revived market sentiment with consistent and
impressive sales of 3,171 units in March 2009, which includes 3,124 units in domestic sales.
M&M’s YTD domestic volumes for the period up to March 2009 stand at 220,215 units compared with 218,977 units for the
same period last year.
Here in Australia, Mahindra Automotive Australia (MAA) awaits the arrival of a facelift Pik-Up model, which is expected
to go on sale in June.
The XYLO has been marked for an Australian launch in the next 12 months.
Ms. Claire Tynan, CEO, MAA says, “It’s encouraging to see new models being embraced and sales of existing models
continuing to climb in Mahindra’s home market. We look forward to introducing the refreshed Pik-Up in Australia shortly,
which will see an enhanced look and safety features.”
“When the XYLO arrives, we anticipate that it will garner as much interest as it has in the Indian market, as we
continue to establish and grow the brand’s well positioned value for money offerings.”
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