Mahindra & Mahindra announced its auto sales numbers for the month of January 2015. The sales witnessed negative growth as the figures stood at 39,930 units during January 2015 as against 42,685 units during January 2014. The Passenger Vehicles segment (including UVs and the Verito) sold 18,804 units in January 2015 as against 19,792 units during January 2014.
The company’s domestic sales stood at 37,045 units during January 2015 as against 40,324 units during January 2014. In January 2015, the Truck & Bus division of the company sold 796 units, registering a growth of 10%. Exports, however, were positive as the numbers for January 2015 stood at 2,885 units registering a growth of 22%.
Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “The first month of 2015 has not been encouraging as the effect of withdrawal of excise duty subsidy is clearly evident. Unfortunately, the segmented recovery which we were witnessing over the last couple of months has been impacted with the excise duty change. We do hope that the upcoming Budget has some positive news for the auto sector. At Mahindra we are happy with the performance of our exports as well as our Trucks & Bus Division.”
| Segment | January F15 | January F14 | YTD JanuaryF15 | YTD JanuaryF14 | MOM JanF15Vs
Jan F14 growth% |
YTD Jan F15Vs
YTDJan F14 growth% |
| Passenger Vehicles (UVs & Verito) | 18,804 | 19,792 | 170,888 | 186,414 | -5% | -8% |
| 4-wheelers Commercial (Passenger & Load)* | 12,919 | 15,100 | 132,750 | 145,237 | -14% | -9% |
| 3-wheelers | 4,526 | 4,710 | 47,800 | 51,585 | -4% | -7% |
| MTB | 796 | 722 | 7,103 | 6,453 | 10% | 10% |
| DOMESTIC TOTAL | 37,045 | 40,324 | 358,541 | 389,689 | -8% | -8% |
| M&M EXPORTS | 2,885 | 2,361 | 23,065 | 23,685 | 22% | -3% |
| SECTOR TOTAL | 39,930 | 42,685 | 381,606 | 413,374 | -6% | -8% |