Mahindra posts marginal growth in April sales

Home grown auto major Mahindra & Mahindra sold 36,727 vehicles in April, as against 36,288 units during the same month last year, posting a marginal 1 percent growth.

The tally for passenger vehicles also registered similar growth during the month, standing at 18,314 units, as against 18,148 units during April previous year. While the overall domestic sales stood at 34,467 units during the month, as compared to 34,107 units during April 2014, again witnessing a growth of mere 1 percent.

M&M’s exports for the month stood at 2,260 units, 4 percent up against the same month a year before. Segment April F16 April F15 MOM April F16 VS April F15 growth% Passenger Vehicles (UVs & Verito) 18314 18148 1% 4-wheelers Commercial (Passenger & Load)* 11744 11677 1% 3-wheelers 3674 3532 4% LCV & HCV 735 750 -2% DOMESTIC TOTAL 34467 34107 1% M&M EXPORTS 36727 2181 4% SECTOR TOTAL 36727 36288 1%

Speaking on auto sales performance, Pravin Shah, President & Chief Executive, Automotive, Mahindra & Mahindra said, “We are happy to have achieved an overall growth during April 2015. The auto industry is hopeful of a better financial year as we see positive sentiments on the back of various policy and project announcements leading to higher levels of economic activity. At Mahindra we expect to perform better given the positive sentiments and the upcoming launches of our new products.”

Source : Mahindra posts marginal growth in April sales