M&M Auto Sales Zoom 42% In December

M&M Auto Sales Zoom 42% In DecemberAuto-manufacturer Mahindra & Mahindra has registered a 41.92% growth in its sales, which stood at 34,062 units during the last month of 2010 as against the corresponding period of 2009.

In a declaration, the auto manufacturer said that it had sold around 24,001 units during the same period of 2009.

Overall sales of M&M utility vehicles, which consist of Scorpio, Xylo, Bolero and Pick-Ups, remained at 14,705 units as compared to sales of 11,904 units during December 2009, registering 23.53% growth.

The total sales of the Logan sedan grew by around three-fold to 896 units in the month of December as against 308 units during the corresponding month a year ago.

Mahindra & Mahindra announced that sales of three-wheelers and Gio and Maxximo mini-trucks in the last month of 2010 increased over two-fold to 5,928 units as against 2,909 units in the matching month of 2009.

During the month, Light commercial vehicle sales from Mahindra Navistar Automotives Ltd jumped 22.29% to 856 units as compared to 700 units during the same month of 2009.

The company's exports during the month surged 21.57% to 1,516 units from 1,247 units in the corresponding period of 2009.

Moreover, Mumbai-based Mahindra & Mahindra Ltd declared that it will launch a new premium-end pick-up truck during the first half of 2011.

On Dec 31, the stock of the company marked its closure at Rs 777.55, up 0.2% on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 826.40 and a low of Rs 475.55 on BSE.

Current EPS & P/E ratio stood at 39.73 and 19.57 respectively.