Mahindra & Mahindra's total auto sales stood at 38,466 units during June 2014, as against 38,092 units during June 2013, registering 1% growth. The company’s domestic sales stood at 36,452 units during June 2014, as against 36,207 units during June 2013. In June 2014, the 4-wheelers commercial segment sold 14,138 units, while the 3-wheelers segment clocked 4,544 units. Exports for the month stood at 2,014 units.
The total sales for Q1 FY 2014-15 cloaked at 112,623 units; 8% lower than the sales recorded during the first quarter of previous fiscal.
The Passenger Vehicles segment (which includes UVs and the Verito) sold 16,780 units in June 2014, as against 17,232 units during June 2013.
Commenting on the monthly performance, Pravin Shah, Chief Executive, Automotive Division & International Operations(AFS), Mahindra & Mahindra Ltd. said, "We have achieved a marginal growth in our sales during June 2014 and do hope that the auto industry will continue to stay in a positive zone. The recent announcement by the government of an extension in the lowering of excise duty will provide a fillip leading upto the festive season. At Mahindra, we are happy with our exports performance for the first quarter of FY 2015, which has grown by 38% ".
Source – ACG, Company