Mahindra & Mahindra Ltd. (M&M Ltd.) has declared its auto sales numbers for April 2013 which has been 41,432 units as compared to 40,715 units in the corresponding month last year.
The Passenger Vehicles segment (UVs and Verito) sold 20,748 units last month as compared to 20,554 units during April 2012 which depicts a growth of 1 percent. The company has sold 39,902 units in the domestic market in April 2013 whereas 39,295 units were sold in April 2012.
The 4-wheeler commercial segment (passenger and load vehicles) reported a growth of 10 percent by selling 14,414 units and the three-wheeler segment sold 4,036 units last month. The month of April 2013 has reported a growth of 8 percent in exports by selling 1,530 units.
Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “We are extremely disappointed that the additional 3% excise duty on SUVs has not been reversed in the Finance Bill, which would have brought about some cheer and momentum for SUV makers and provided them with a level playing field. We remain cautiously optimistic of the current situation and do hope that with the much awaited and needed reduction in interest rates announcement by the RBI next week, the auto industry will look up. At Mahindra, we hope to create excitement with the launch of the Verito Vibe and other product variants”.