Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 39930 units during January 2015 as against 42685 units during January 2014.The Passenger Vehicles segment (which includes UVs and the Verito) sold 18804 units in January 2015 as against 19792 units during January 2014.
The company’s domestic sales stood at 37045 units during January 2015 as against 40324 units during January 2014. In January 2015, the Truck & Bus division of the company sold 796 units, registering a growth of 10%.
Exports for January 2015 stood at 2885 units registering a growth of 22%.
Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “The first month of 2015 has not been encouraging as the effect of withdrawal of excise duty subsidy is clearly evident. Unfortunately, the segmented recovery which we were witnessing over the last couple of months has been impacted with the excise duty change. We do hope that the upcoming Budget has some positive news for the auto sector. At Mahindra we are happy with the performance of our exports as well as our Trucks & Bus Division”.
Sales Summary January 2015
| Segment | JanuaryF15 | January F14 | YTD January | YTD January | MOM JanF15
Vs |
YTD Jan F15
Vs |
| F15 | F14 | Jan F14 growth% | YTD | |||
| Jan F14 growth% | ||||||
| Passenger Vehicles (UVs & Verito) |
18804 |
19792 |
170888 |
186414 |
-5% |
-8% |
| 4-wheelers Commercial (Passenger & Load)* |
12919 |
15100 |
132750 |
145237 |
-14% |
-9% |
| 3-wheelers |
4526 |
4710 |
47800 |
51585 |
-4% |
-7% |
| MTB |
796 |
722 |
7103 |
6453 |
10% |
10% |
| DOMESTIC TOTAL |
37045 |
40324 |
358541 |
389689 |
-8% |
-8% |
| M&M EXPORTS |
2885 |
2361 |
23065 |
23685 |
22% |
-3% |
| SECTOR TOTAL |
39930 |
42685 |
381606 |
413374 |
-6% |
-8% |
*Includes Maxximo, Gio, Genio & Bolero Pick up
