M&M posted 29.1% Y-o-Y growth in Automotive


M&M February Monthly Sales:

· M&M’s Automotive segment showed strong Y-o-Y growth of 29.1% to 43,087 units in the month of February 2012; M-o-M it dipped 3.6%.

· Passenger UV’s grew 33.3% Y-o-Y to 20,573 units in February 2012.

· Automotive exports grew 86.1% Y-o-Y to 2,626 units in February 2012; M-o-M it declined 21.6%.

· Tractor sales declined 19.6% Y-o-Y to 15,316 units in February 2012 against 19,041 units in February 2011.

Segmental Break Up Feb-12 Feb-11 YoY % Jan-12 MoM % YTDFY12 YTDFY11 YoY %
Automotive Sector
Domestic
Passenger UVs 20,573 15,439 33.3% 19,975 3.0% 197,095 161,894 21.7%
4 Wheel Pick Ups (incl. Gio, Maxximo) 13,522 9,903 36.5% 13,725 (1.5)% 137,977 94,068 46.7%
3 W 5,111 5,725 (10.7)% 6,126 (16.6)% 62,351 56,373 10.6%
Mahindra Navistar 1,255 900 39.4% 1,543 (18.7)% 12,304 10,198 20.7%
Domestic Sales 40,461 31,967 26.6% 41,369 (2.2)% 409,727 322,533 27.0%
Exports
UV + 3W 2,626 1,411 86.1% 3,348 (21.6)% 26,517 15,104 75.6%
Verito 0 0 0 0 1,904
Total Exports 2,626 1,411 86.1% 3,348 (21.6)% 26,517 17,008 55.9%
Total Automotive Sales 43,087 33,378 29.1% 44,717 (3.6)% 436,244 339,541 28.5%
Farm Equipment Sector
Domestic Tractors 14,341 18,134 (20.9)% 17,950 (20.1)% 205,810 183,759 12.0%
Exports Tractors 975 907 7.5% 1,404 (30.6)% 12,237 10,046 21.8%
Total Tractors 15,316 19,041 (19.6)% 19,354 (20.9)% 218,047 193,805 12.5%
Total Sales 58,403 52,419 11.4% 64,071 (8.8)% 654,291 533,346 22.7%
Volume Mix Feb-12 Feb-11 YoY Chg Jan-12 MoM Chg YTDFY12 YTDFY11 YoY Chg
Automotive Segment 73.8% 63.7% 1,010 69.8% 398 66.7% 63.7% 301
Farm Equipment Segment 26.2% 36.3% (1,010) 30.2% (398) 33.3% 36.3% (301)
Total Sales 100.0% 100.0% 100.0% 100.0% 100.0%
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