[Investors] Auto – November 2009 volume update

Maruti Suzuki India Ltd (MSIL)

n        Total sales for November 2009 increased by 66.6% YoY to 87,807 units, above expectations.

n        Domestic sales grew by 60.1% YoY to 76,359 units.

n        Export volumes increased by 128.6% YoY to 11,448 units, above expectation.

Mahindra & Mahindra Ltd ( M&M)

n        Total UV sales increased by 102.0% YoY to 15,193 units, above expectation.

n        Three wheeler sales increased by 78.7% YoY to 4,118 units.

n        Total tractor sales increased by 48.2% YoY to 12,592 units, above expectation.

TVS Motor Company Ltd ( TVSM)

n        Total sales increased by 22.8% YoY to 120,84 units

n        Motorcycle sales declined by 0.4% Yoy to 45,080 units, continuosly disappointing.

n        Domestic sales increased by 37.9% YoY to 106,836 units

n        Export sales declined by 33.0% YoY to 14,008 units.

Tata Motors Ltd (TML)

n        Total sales increased by 65.5% YoY to 54,108 units.

n        M&HCVs sales increased by 115.9% YoY to 12,507 units., inline of expectation.

n        LCVs sales increased by 61.9% YoY to 16,901 units, above expectation.

n        Total car sales increased by 47.7% YoY to 18,480 units (including 3,406 units of Nano)

n        Total domestic sales increased by 64.0% YoY to 50,114 units.

n        Export sales increased by 86.6% YoY to 3,994 units

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