Mahindra posts 12 pc and 16 pc rise in March sales of UVs, tractors

Mumbai, Apr 4 (UNI) Utility vehicles and tractor major Mahindra&Mahindra (M&M) today announced that its vehicle sales rose by 12 percent in March this year to 16,394 units from 14,629 units in the corresponding month last year.

Domestic auto sales including utility vehicles (UV), light commercial vehicles and three wheelers rose 11 percent to 15,578 units from 14,025 units a year earlier, while exports rose 35 per cent to 816 units from 604 units.

Of utility vehicles, Scorpio sales for March this year jumped by 39 per cent to 3,236 units from 2,332 units sold in March last year.

The cumulative sales for April, 2005, to March, 2006, stood at 33,943, a growth of 21 per cent over last year.

M&M's UV sales volume for April, 2005, to March, 2006, stood at 149,418 units, as against 145,014 units sold in the same period in fiscal 2005, posting a rise of about three per cent.

Mahindra sold 7,326 tractors in March, up by 16 percent from 6,295 units sold a year earlier.

Meanwhile, M&M recorded a 30 per cent increase in tractor sales over fiscal-2005. M&M sold 78,048 tractors in India and exported 6,980 tractors, taking the total volumes to 85,028.

During this period, domestic volumes were 60,005 and exports 5,385 taking the total number to 65,390.

M&M claims its annual growth of 30 per cent in tractors has outperformed the industry, which, till the end of February this year registered a sales growth of about 17 per cent over fiscal 2005.

M&M's tractor sales for March this year stood at 7,326 units (including exports), as against 6,295 units sold in the same month in the last fiscal, an increase of 16 per cent. Tractor export volumes too continued its healthy growth posting 30 per cent YOY (year on year) on cumulative basis.

UNI SN MJ SKB1948