Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 51,636 units during March 2014. The company ended Financial Year 2013-14, with a sales figure of 5,07,176 units as against 5,63,373 units in FY 2012-13.
The Passenger Vehicles segment (which includes UVs and the Verito) sold 23,433 units in March 2014, as against 25,847 units during March 2013. The company’s domestic sales stood at 48,490 units during March 2014, as against 49,225 units during March 2013. The 4-wheelers commercial segment has sold 17,649 units, while the 3-wheelers segment clocked 6,305 units in March 2014. Exports for the month stood at 3,146 units which represents a growth of 17%.
Pravin Shah, CEO, Automotive Division, Mahindra & Mahindra Ltd. commented, “Post the reduction in the excise duty across all segments, the auto industry has seen the level of inquiry going up, but has not witnessed any major surge in sales. We do hope that the sentiments improve and change post the national elections, leading to an increase in demand as well. At Mahindra, we are happy with our overall performance for the month of March where the de-growth is negligible at 0.5%. Going forward, we continue to be optimistic for the future and expect to witness a growth momentum during FY 2014-15.”