Indian automobile industry witnessed sluggish sales this year due to weaker economy. Manufacturers have been struggling to increase the number of units sold by offering huge discounts and offers.
Indian automobile manufacturer Mahindra and Mahindra announced its auto sales numbers which stood at 38,471 units during June 2014, as against 38,092 units during June 2013.
The Passenger Vehicles segment, which includes utility vehicles and the Verito, sold 16,780 units in June 2014, as against 17,232 units during June 2013. The company’s domestic sales stood at 36,457 units during June 2014, as against 36,207 units during June 2013. In June 2014, the 4-wheelers commercial segment sold 14,138 units, while the 3-wheelers segment clocked 4,544 units. Exports for the month stood at 2,014 units.
Commenting on the monthly performance, Pravin Shah, Chief Executive, Automotive Division & International Operations(AFS), Mahindra and Mahindra Ltd. said, “We have achieved a marginal growth in our sales during June 2014 and do hope that the auto industry will continue to stay in a positive zone. The recent announcement by the government of an extension in the lowering of excise duty will provide a fillip leading upto the festive season. At Mahindra, we are happy with our exports performance for the first quarter of FY 2015, which has grown by 38%.”