Sales February 2014: Mahindra and Mahindra’s auto sector reports negative growth

Added in: Mahindra

New Mahindra Scorpio (43)

Mahindra & Mahindra announced its auto sales numbers which stood at 38,033 units during February 2015 as against 42,166 units during February 2014, a fall of 10 percent. The Passenger Vehicles segment (which includes UVs and the Verito) sold 18,103 units in February 2015 as against 19,308 units during February 2014. The company’s domestic sales stood at 34,918 units during February 2015 as against 39,338 units during February 2014. In February 2015, the Truck & Bus division of the company sold 731 units, registering a growth of 21%. Exports for February 2015 stood at 3,115 units registering a growth of 10%.

Mahindra Great Escape Official Images (3)

Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “The auto industry has not seen any major changes in the Union Budget 2015-16. However looking at the overall budget proposals including planned spend on infrastructure and social reforms, we expect positive sentiments going forward. Further, with an expected revision in lending rates in the RBI policy in early April, the industry should see better times ahead. At Mahindra we are happy with our performance in Exports and the HCV segment where we have seen good growth.”

Here is the complete sales report:

SegmentFebruaryF15FebruaryF14YTD February YTD February MOM FebF15 VsYTD Feb F15 Vs
F15F14Feb F14 growth%YTD
Feb  F14 growth%
Passenger Vehicles (UVs & Verito)1810319308188991205722-6%-8%
4-wheelers Commercial (Passenger & Load)*1192814701144678159938-19%-10%
LCV & HCV7316057834705821%11%
DOMESTIC TOTAL3491839338393459429027-11%-8%
M&M EXPORTS31152828261802651310%-1%
SECTOR TOTAL3803342166419639455540-10%-8%
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