Mahindra & Mahindra Ltd. (M&M Ltd.) recently announced its auto sales numbers for June 2013 which stood at 38092 units as against 41322 units during June 2012.
The Passenger Vehicles segment (which includes the UVs and Verito) sold 17232 units in June 2013, as against 19792 units during June 2012. The company’s domestic sales stood at 36207 units during June 2013, as against 38951 units during June 2012.
The 4 wheeler commercial segment which includes the passenger and load vehicles registered a 5% growth, having sold 13761 units, while the 3 wheeler segment clocked 4303 units in June 2013.
Exports for the month of June 2013 stood at 1885 units.
Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “We have witnessed a de-growth in the month of June 2013 amidst an overall decline in the auto industry. The depreciating rupee resulting in spiraling fuel costs coupled with high interest rates and the additional excise duty on SUVs has further dampened the industry without any substantial revenue to Government. Going forward, we do hope that some immediate short term measures are announced and implemented by the Government to bring back buoyancy in demand which is the need of the hour”.