Mahindra Auto Sector sells 43,289 units during September 2013

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Added in: Mahindra

Mahindra-Sales-in-September-2013

Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 43,289 units during September 2013.

The Passenger Vehicles segment (which includes UVs and Verito) sold 18,916 units in September 2013, as against 23,808 units during September 2012. The company’s domestic sales stood at 40,574 units during September 2013, as against 45,263 units during September 2012. Both the 3-wheeler and 4-wheeler segments had marginal growths, at 6,403 and 14,709 units respectively in September 2013, as compared to September 2012.

It is noteworthy that the auto sector of the company has recorded a growth of 14% in September 2013 over its August 2013 sales which stood at 37,897 units.
Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “While there has been a growth over August 2013, it is not to the extent that makes us comfortable especially as we approach the festive season. Factors such as increase in input and raw material costs and the depreciating rupee have not helped. To compensate to some extent we have taken a price increase effective today. The auto industry is definitely in need of a trigger in terms of a stimulus to boost consumer sentiments leading to a turnaround in the sector as well as a revival of the economy in general.

Sales Summary September 2013

SegmentSep

F14

Sep

F13

YTD Sep F14YTD Sep F13MOM Sep F14 Vs Sep F13 growth%YOY YTD Sep F14 Vs YTD Sep F13 growth%
Passenger Vehicles (UVs & Verito)

18916

23808

110491

129150

-21%

-14%

4-wheelers Commercial (Passenger & Load)*

14709

14417

85190

82783

2%

3%

3-wheelers

6403

6048

28409

31016

6%

-8%

MTBL

546

990

4346

6123

-45%

-29%

DOMESTIC TOTAL

40574

45263

228436

249072

-10%

-8%

M&M EXPORTS

2715

3079

12830

18191

-12%

-29%

SECTOR TOTAL

43289

48342

241266

267263

-10%

-10%

*Includes Maxximo, Gio, Genio & Bolero Pick up