Mahindra Auto Sector Grows by 14% in September 2013

Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer sold 43,289 units during the month of September 2013.

The Passenger Vehicles segment (which includes UVs and Verito) stood at 18,916 units in the last month as against the 23,808 units sold during the same period of 2012.

Meanwhile, Mahindra domestic sales posted 40,574 units during September 2013, as against 45,263 units during September 2012. Both the 3-wheeler and 4-wheeler segments referred marginal growths, at 6,403 and 14,709 units respectively in September 2013, as compared to September 2012.

It is been noted that, auto sector of the M&M has recorded a growth of 14% in September 2013 over the numbers that were resulted during ‘August 2013’ at 37,897 units.

Mahindra Auto Sector Grows by 14% in September 2013

Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “While there has been a growth over August 2013, it is not to the extent that makes us comfortable especially as we approach the festive season. Factors such as increase in input and raw material costs and the depreciating rupee have not helped. To compensate to some extent we have taken a price increase effective today. The auto industry is definitely in need of a trigger in terms of a stimulus to boost consumer sentiments leading to a turnaround in the sector as well as a revival of the economy in general.”

However, one can refer the summary of September 2013 sales in the table below:

[table id=166 /]

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