Mahindra & Mahindra Ltd. (M&M Ltd.) announced its auto sales numbers today, which stood at 35,175 units in August 2014, as against 37,897 units during August last year.
In the Passenger Vehicles segment, the sales stood at 14,140 units in August 2014, as compared to 15,821 units during August 2013. Domestic sales stood at 33,145 units during August 2014, as against 35,159 units during August 2013. In August 2014, the manufacturers’ commercial vehicles segment shifted 12,975 units, while the 3-wheelers segment saw 5,433 units, registering a growth of 6%. Exports for August 2014 stood at 2,030 units.
Commenting on the monthly performance, Pravin Shah, Chief Executive, Automotive Division & International Operations(AFS), Mahindra & Mahindra Ltd. said, “In spite of our overall sales remaining flat in August, we continue to be optimistic due to the industry’s enhanced business confidence which is reflected by the manufacturing sector showing signs of revival. We do hope that the government continues to drive the agenda of reforms together with execution which would spur investments. The automotive industry, including us, is hopeful of a better demand leading up to the ensuing festival season “.
Sales Summary August 2014
|Segment||AugustF15||August F14||YTD AugustF15||YTD AugustF14||MOM AugustF15 VsAugust F14 growth%||YTD AugustF15 VsYTDAugust F14 growth%|
|Passenger Vehicles (UVs & Verito)||14140||15821||81861||91575||-11%||-11%|
|4-wheelers Commercial (Passenger & Load)*||12975||13718||64098||70481||-5%||-9%|