Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 34,292 units during November 2014, as against 39,254 units during November 2013.
The Passenger Vehicles segment (which includes UVs and the Verito) sold 13,765 units in November 2014, as against 16,771 units during November 2013. The company’s domestic sales stood at 32,100 units during November 2014, as against 36,261 units during November 2013. In November 2014, the 4-wheeler commercial segment sold 12,748 units, while the 3-wheeler segment clocked 5,005 units. Exports for the month stood at 2,192 units.
Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division & International Operations (AFS), Mahindra & Mahindra Ltd. said, “The auto industry continues to its sluggish demand on the back of factors such as low consumer sentiments and high interest rates. The reducing international crude prices and the subsequent lowering of fuel prices should help in revival of demand in the coming months. We also hope that the current excise duty rates will be extended beyond end of December to get much needed recovery for the auto industry. We continue to be optimistic on the back of a good response for our New Generation Scorpio and a comparatively better performance of our 4 wheeler commercial segment.”
Sales Summary November 2014
|
Segment |
NovemberF15 | NovemberF14 | YTD November | YTD November | MOM NovF15 Vs | YTD Nov F15 Vs |
| F15 | F14 | Nov F14 growth% | YTD | |||
|
Nov F14 growth% |
||||||
| Passenger Vehicles (UVs & Verito) |
13765 |
16771 |
134773 |
150186 |
-18% |
-10% |
| 4-wheelers Commercial (Passenger & Load)* |
12748 |
13186 |
107637 |
115738 |
-3% |
-7% |
| 3-wheelers |
5005 |
5861 |
39162 |
41269 |
-15% |
-5% |
| MTB |
582 |
443 |
5464 |
5291 |
31% |
3% |
| DOMESTIC TOTAL |
32100 |
36261 |
287036 |
312484 |
-11% |
-8% |
| M&M EXPORTS |
2192 |
2993 |
18312 |
18594 |
-27% |
-2% |
| SECTOR TOTAL |
34292 |
39254 |
305348 |
331078 |
-13% |
-8% |
* Includes Maxximo, Gio, Genio & Bolero Pick up
