Mahindra & Mahindra, India's leading SUV manufacturer recorded a negative sales growth of 12.55 per cent in December 2013. The company sold 39,611 as compared to the same month previous year. In Domestic market, the company delivered 36,881 units as against 42,307 in the same month 2012, a decline of 12.82 per cent.
In the passenger vehicles segment (which includes UVs and Verito), the homegrown auto-major registered a sales decline of 27.78 per cent. The company sales stood at 16,436 units in December 2013 as against 22,761 units during December 2012. The 4-wheelers commercial segment had sold 14,399 units while the 3-wheelers segment clocked 5,606 units in December 2013. Exports for the month stood at 2,730 units.
Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “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”.