Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 42,776 units during October 2014, against 50,558 units during October 2013.
The Passenger Vehicles segment (which includes UVs and the Verito) sold 19,254 units in October 2014, as against 22,924 units during October 2013. The company’s domestic sales stood at 40,274 units during October 2014, as against 47,787 units during October 2013. In October 2014, the 4-wheelers commercial segment sold 14,812 units, while the 3-wheelers segment clocked 5,678 units. Exports for the month stood at 2,502 units.
Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division & International Operations (AFS), Mahindra & Mahindra Ltd. said, “Our sales for the month of October remain subdued on the back of overall sentiment and high interest rates. However I’m happy with our retail sales this month which has helped bring the system stocks to an optimal level. We do hope that the recently announced deregulation of diesel prices will also support the auto industry. We are happy with the response to our New Generation Scorpio for which we are thankful to our customers.”
Sales Summary October 2014
| Segment | October F15 | October F14 | YTD October | YTD October | MOM OctF15 Vs | YTD Oct F15 Vs |
| F15 | F14 | OctF14 growth% | YTD | |||
| Oct F14 growth% | ||||||
| Passenger Vehicles (UVs & Verito) |
19254 |
22924 |
121008 |
133415 |
-16% |
-9% |
| 4-wheelers Commercial (Passenger & Load)* |
14812 |
17362 |
94889 |
102552 |
-15% |
-7% |
| 3-wheelers |
5678 |
6999 |
34157 |
35408 |
-19% |
-4% |
| MTB |
530 |
502 |
4878 |
4848 |
6% |
1% |
| DOMESTIC TOTAL |
40274 |
47787 |
254932 |
276223 |
-16% |
-8% |
| M&M EXPORTS |
2502 |
2771 |
16120 |
15601 |
-10% |
3% |
| SECTOR TOTAL |
42776 |
50558 |
271052 |
291824 |
-15% |
-7% |
*Includes Maxximo, Gio, Genio & Bolero Pick up
