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Mahindra Auto Sector sells 36,274 units during April 2014

Mahindra & Mahindra Ltd. (M&M Ltd.), announced its auto sales, stood at 36,274 units during April, 2014.

The Passenger Vehicles segment sold 18,148 vehicles during the month, as against 20,748 units of April 2013. The company’s domestic sales ranked at 34,107 units during April 2014, as against 39,902 units during the same period of last year.

The 4-wheelers commercial segment had churned a number of 11,677 units, while the 3-wheelers segment clocked 3,532 units in April 2014. Exports for the month stood at 2,167 units, a growth of 42%.

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Commenting on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “It is unfortunate that the auto industry has not seen an upturn over the last couple of months in spite of a reduction in excise duty. We do hope that post the general elections, sentiments improve leading to a better economic situation and hence increased demand. At Mahindra, we are happy with our Exports performance for the month and we continue to be optimistic going forward and expect to witness a gradual upswing on the back of our product offerings and customer centric initiatives”.

Sales Summary April 2014

SegmentApril F15April F14MOM April F15 Vs
April F14 growth%
Passenger Vehicles (UVs & Verito)1814820748-13%
4-wheelers Commercial (Passenger & Load)*1167714414-19%
3-wheelers 35324036-12%
DOMESTIC TOTAL3410739902-15%
M&M EXPORTS2167153042%
SECTOR TOTAL3627441432-12%

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