Mahindra & Mahindra Ltd. (M&M Ltd.) today announced its auto sales numbers which stood at 36,328 units during December 2014, as against 39,611 units during December 2013. The Passenger Vehicles segment (which includes UVs and the Verito) sold 17,311 units in December 2014, as against 16,436 units during December 2013, registering a growth of 5%. The company’s domestic sales stood at 34,460 units during December 2014, as against 36,881 units during December 2013. In December 2014, the Truck & Bus division of the company sold 843 units, registering a growth of 92%.
Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division & International Operations (AFS), Mahindra & Mahindra Ltd. said, “We are happy to have achieved a growth of 5% for our passenger vehicle segment in December with 2014 being an immensely challenging year for the Auto industry. The industry which was showing early signs of recovery would be severely impacted by the withdrawal of the excise duty concessional rate which would affect overall business sentiment, as it will lead to an increase in vehicle prices. At Mahindra we continue to remain optimistic going forward on the back of our new product launches during 2015”.
Sales Summary December 2014
| Segment | DecemberF15 | DecemberF14 | YTD December | YTD December | MOM DecF15
Vs |
YTD Dec F15
Vs |
| F15 | F14 | Dec F14 growth% | YTD | |||
| Dec F14 growth% | ||||||
| Passenger Vehicles (UVs & Verito) | 17311 | 16436 | 152084 | 166622 | 5% | -9% |
| 4-wheelers Commercial (Passenger & Load)* | 12194 | 14399 | 119831 | 130137 | -15% | -8% |
| 3-wheelers | 4112 | 5606 | 43274 | 46875 | -27% | -8% |
| MTB | 843 | 440 | 6307 | 5731 | 92% | 10% |
| DOMESTIC TOTAL | 34460 | 36881 | 321496 | 349365 | -7% | -8% |
| M&M EXPORTS | 1868 | 2730 | 20180 | 21324 | -32% | -5% |
| SECTOR TOTAL | 36328 | 39611 | 341676 | 370689 | -8% | -8% |