Mahindra & Mahindra registered 12.6% de growth in November 2014. Mahindra & Mahindra, sold 32,100 units in domestic market in November 2014 with a de growth of 11.5%compare to November 2013 . The export units stood at 2,192 units during November 2014. Total sales stood at 34,292 units with de growth of 12.6%.
In Mahindra Group, Mahindra Trucks & Bus shown positive growth of 31.4% in November 2014. This is positive sign for this segment.
– Mahindra First Choice Wheels Ltd. (MFCWL), has established a network of 399 franchise across 220 locations includes metros, mini metros and smaller towns. 35% growth registered the CAGR in last 5 years.
– Mahindra increased prices of its passenger and commercial vehicles by an average of 1% with the range of Rs. 2,300 to Rs. 11,500 INR(ex-showroom). Due to increase in input cost, company has decided to increase it and pass it to the customers.
Mahindra Tractor sales:
Sales of Tractor segment registered growth of 17% de growth at 31,907 units for FY 2014-15 as against 38,263 units during FY 2013-14.
Mahindra Two Wheelers:
Mahindra Two Wheelers sold 14,579 units in November 2014. The company’s domestic sales sold 13,052 units during the month, while exports for the month stood at 1527 units.
To read October 2014 sales analysis click here.
Source: ACG, Mahindra & Mahindra