The total sales for Mahindra & Mahindra Ltd. for the month of October 2013 stood at 50,558 units including exports which registered a decline of 5% against 53,439 units sold in October 2012. The cumulative sales for FY2013-14 stood at 291,824 units against 320,702 units sold during the April to October period of previous financial year, registering a decline of sales by 9%.
The domestic sales stood at 47,787 vehicles for October 2013 against 51,316 vehicles in same month of previous year, marking 7% drop in sales. Year to date domestic sales for FY 2013-14 were 276,223 units against 300,388 units registering decline of by 8%.
Exports went up at 31% at 2,771 units in October 2013 against 2,123 units in October 2012. The year-to-date exports stood at 15,602 units, 23% less as compared against 2012-13 where 20,314 units were exported.
In the Passenger Vehicles segment 22,924 units were sold in October 2013, as against 26,932 units during October 2012, registering 15% drop in sales. The year-to-date sales for Passenger Vehicles for FY 2013-14 stood at 133,415 units, registering decline of 15% as against 156,082 units during the same period in FY 2012-13.
Sales of four wheeler commercial vehicles including Maxximo, Gio, Genio & Bolero Pick registered 5% increase at 17,362 units in October 2013 against 16,561 units in October 2012. The year-to-date sales for this segment in FY2013-14 stood at 102,552 units, registering positive growth of 3% against 99,334 units sold in April-October period of FY 2012-13.
Three Wheeler sales recorded marginal growth of 0.4% with 6,999 units sold in October 2013 against 6973 units in October 2012. The year to date sales for FY 2013-14 is at 7% decline at 35,408 units against 37,989 units in same period of FY 2012-14.
Mahindra Truck and Bus Limited witnessed heavy decline of 41% with 502 units sold in October 2013 against 850 units in October 2012. The year to date sales were 4,848 units for financial year 2013-14 as against 6,973 units during same period of FY 2012-13 period, registering 30% de-growth.
Two Wheelers put on a strong performance
Mahindra Two Wheelers Ltd. (MTWL) recorded sales of 29,696 units during October 2013, a growth of 155%. Domestic volumes stood at 28,604 units, a growth of 157% over the previous year. The growth is catalyzed by the volumes generated by newly launched Centuro and Pantero motorcycles.
Farm Equipments sales register solid growth
Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), sold 37,532 units in October 2013 in the domestic market, as against 28,872 units during October 2012 registering a growth of 30%. Overall sales for the month have also grown by 29%, standing at 38,263 units during October 2013 as against 29,565 units in October 2012. Exports for the month stood at 731 units.
Check Mahindra Car Specification, Dealer Information, On road price
Source – Autobei, Company
M&M seems to be struggling to maintain its growth rate, just like its peers in the Indian market. One of the best passenger cars by M&M, the Verito sedan unfortunately receives a step-motherly treatment by Mahindra. The Verito has un-matched comfort and a superb suspension setup, just apt for our roads.