Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its automotive sales for the month of December 2013. The sales figure stood at 39,611 units.
The Passenger Vehicles segment, which includes all of the company’s SUVs and the Mahindra Verito sedan, sold 16,436 vehicles in December 2013, as against 22,761 vehicles during December 2012. The company’s domestic sales stood at 36,881 units during December 2013, as against 42,307 units during the same time of 2012. The commercial 4 wheeler segment sold 14,399 units while the 3 wheeler segment touched 5,606 units during the month of December 2013. Exports for the month stood at 2,730 units.
“During the first nine months of the current fiscal, the auto industry has seen a negative growth due to sustained deceleration in economic activity and consequent weakness in consumer and business sentiments. While the immediate turnaround in the auto Industry is not expected without certain policy corrections and support, the worst seems to be over. At Mahindra we continue to focus on customer centricity and do hope that the New Year will bring in the much needed cheer for the Auto Sector.”, said Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd., commenting on the company’s sales performance.