Mahindra & Mahindra Limited has recorded total sales of 43,289 units in September 2013. In the Passenger Vehicles segment, the auto major has sold 18,916 units in September this year, as compared to 23,808 units last year. Domestic sales figure stood at 40,574 units, as against 45,263 units in September last year. The three-wheeler and four-wheeler segments had grown marginally selling 6,403 and 14,709 units in September 2013, as compared to September last year.
Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “While there has been a growth over August 2013, it is not to the extent that makes us comfortable especially as we approach the festive season. Factors such as increase in input and raw material costs and the depreciating rupee have not helped. To compensate to some extent we have taken a price increase effective today. The auto industry is definitely in need of a trigger in terms of a stimulus to boost consumer sentiments leading to a turnaround in the sector as well as a revival of the economy in general.”
The company’s growth prospect looks positive as it managed to grow 14 percent higher as compared to August 2013 sales figure of 37,897 units. Mahindra cars are practical vehicles preferred by Indian customers who need to travel often. Delivering excellent performance and good fuel efficiency, Mahindra vehicles have been convenient mode of mobility for millions.