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Mahindra Sees Downfall of 25% during January 2014

Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 42,685 units during January 2014.

The Passenger Vehicles segment (which includes UVs and Verito) sold 19,792 units in January 2014, as against 26,555 units during January 2013. The company’s domestic sales stood at 40,324 units during January 2014, as against 47,841 units during January 2013. The 4-wheelers commercial segment has sold 15,100 units, while the 3-wheelers segment clocked 4,710 units in January 2014. Exports for the month stood at 2,361 units.

Commenting on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “The first month of 2014 did not witness any improvement in the overall industry performance and the situation remains subdued. The recent Repo Rate hike will in coming months escalate the rate of interest on car loans impacting consumer sentiment. We hope the upcoming Auto Expo which will showcase new products and technology, will provide a trigger in giving a much needed boost to the auto industry and overall sentiment.”

Mahindra Sees Downfall of 25% during January 2014

Mahindra Sees Downfall of 25% during January 2014

*Includes Maxximo, Gio, Genio & Bolero Pick up

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