Mumbai, April 1, 2014: Mahindra & Mahindra, India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 51,636 units in March 2014 against 51,904 in the corresponding month last year. The sales are down by a negligible 0.51 per cent over the same month last year.
Mahindra & Mahindra’s domestic sales stood at 48,490 units in March 2014, as against 49,225 units during March 2013 previous year. Domestic sales recorded fall by 1.49 per cent. On the brighter side company recorded 17 per cent growth in exports by selling 3,146 units in March 2013 against 2679 units in corresponding month last year.
Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “Post the reduction in the excise duty across all segments, the auto industry has seen the level of inquiry going up, but has not witnessed any major surge in sales. We do hope that the sentiments improve and change post the national elections, leading to an increase in demand as well. At Mahindra, we are happy with our overall performance for the month of March where the de-growth is negligible at 0.5%. Going forward, we continue to be optimistic for the future and expect to witness a growth momentum during FY 2014-15.”
It has sold 23,433 passenger vehicles (which includes UVs and the Verito) in March 2014, as against 25,847 units during March 2013. The 3-wheelers and 4-wheelers commercial segment sold 6,305 units and 17,649 units respectively in March 2014.
Company ended 2013-2014 fiscal year by sales figure of 5,07,176 units as against 5,63,373 units in financial year 2012-2013. Overall recording a fall by 9.97 percent.
