Mahindra auto sector sales in 2014 stand at 51636 units

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Added in: Mahindra

mahindra-sales-in-march

Mahindra & Mahindra Ltd. (M&M Ltd.) today announced its auto sales numbers which stood at 51,636 units during March 2014.

The Passenger Vehicles segment (which includes UVs and the Verito) sold 23,433 units in March 2014, as against 25,847 units during March 2013. The company’s domestic sales stood at 48,490 units during March 2014, as against 49,225 units during March 2013. The 4-wheelers commercial segment has sold 17,649 units, while the 3-wheelers segment clocked 6,305 units in March 2014. Exports for the month stood at 3,146 units which represents a growth of 17%.

The company ended Financial Year 2013-14, with a sales figure of 5,07,176 units as against 5,63,373 units in FY 2012-13.

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.”

SegmentMarch F14March F13YTD March

F14

YTD March

F13

MOM March F14 Vs

March F13 growth%

YTD March F14 Vs

YTD

March F13 growth%

Passenger Vehicles (UVs & Verito)

23433

25847

 

229155

 

279270

 

-9%

-18%

4-wheelers Commercial (Passenger & Load)*

17649

17212

177587

174233

3%

2%

3-wheelers

6305

4831

62614

65510

31%

-4%

MTBL

1103

1335

8161

11902

-17%

-31%

DOMESTIC TOTAL

48490

49225

477517

530915

-1%

-10%

M&M EXPORTS

3146

2679

29659

32458

17%

-9%

SECTOR TOTAL

51636

51904

507176

563373

-0.5%

-10%

 

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