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Mahindra Auto Sector sells 37,869 units during May 2014

In an order to make a vow forward, the Assembly Elections of 2014 seems to have turned out negative results for Mahindra.

Drawn domestic sales of 37,869 units during May 2014, the Mahindra and Mahindra stood backstaged against the 42,104 units sold during May 2013.

The Passenger Vehicles segment (inclusive of UVs and Verito) sold 18,085 units in May 2014, as against 22,244 units during the same period last year.

The 4-wheelers commercial segment returned number of 12,836 units on sale sheet, while the 3-wheelers segment clocked 3,732 units in May 2014. Exports for the month stood at 2,370 units indicating a growth of 75%.

Mahindra Auto Sector sells 37,869 units during May 2014

Commenting on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “Auto sales continue to remain subdued for many players, at the back of yet another challenging month for the industry. Post the electoral mandate, we expect to see improved sentiments resulting in a better economic situation which we hope will lead to a gradual increase in demand. We are happy to have achieved a growth of 75% in our export volumes during May”.

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