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
Segment | Sep F14 |
Sep
F13 |
YTD Sep F14 | YTD Sep F13 | MOM 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