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

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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:

Segment FebruaryF15 FebruaryF14 YTD February  YTD February  MOM FebF15 Vs YTD Feb F15 Vs
F15 F14 Feb F14 growth% YTD
Feb  F14 growth%
Passenger Vehicles (UVs & Verito) 18103 19308 188991 205722 -6% -8%
4-wheelers Commercial (Passenger & Load)* 11928 14701 144678 159938 -19% -10%
3-wheelers 4156 4724 51956 56309 -12% -8%
LCV & HCV 731 605 7834 7058 21% 11%
DOMESTIC TOTAL 34918 39338 393459 429027 -11% -8%
M&M EXPORTS 3115 2828 26180 26513 10% -1%
SECTOR TOTAL 38033 42166 419639 455540 -10% -8%
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