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Mahindra passenger vehicles sales register 5% growth

Mahindra sold a total of 17,311 passenger vehicles in December 2014, registering a 5% growth against 16, 436 units sold in December 2013. The company’s total auto sales stood at 36,328 units during December 2014, as against 39,611 units during December 2013. The company’s domestic sales stood at 34,460 units during December 2014, as against 36,881 units during December 2013 while the Truck & Bus division registered a growth of 92% with 843 units.

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Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division & International Operations (AFS), Mahindra & Mahindra Ltd. said, “We are happy to have achieved a growth of 5% for our passenger vehicle segment in December with 2014 being an immensely challenging year for the Auto industry. The industry which was showing early signs of recovery would be severely impacted by the withdrawal of the excise duty concessional rate which would affect overall business sentiment, as it will lead to an increase in vehicle prices.  At Mahindra we continue to remain optimistic going forward on the back of our new product launches during 2015”.

Mahindra & Mahindra Sales Summary December 2014 Segment December F15 December F14 YTD December F15 YTD December F14 MOM Dec F15 vs Dec F14 Growth% YTD Dec F15 vs Dec F14 Growth% Passenger Vehicles (UVs & Verito) 17311 16436 152084 166622 5% -9% 4-wheelers Commercial (Passenger & Load)* 12194 14399 119831 130137 -15% -8% 3-wheelers 4112 5606 43274 46875 -27% -8% MTB 843 440 6307 5731 92% 10% DOMESTIC TOTAL 34460 36881 321496 349365 -7% -8% M&M EXPORTS 1868 2730 20180 21324 -32% -5% SECTOR TOTAL 36328 39611 341676 370689 -8% -8%

Source : CarDekho