Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 42,166 units during February 2014.
The Passenger Vehicles segment (which includes UVs and Verito) sold 19,308 units in February 2014, as against 23,421 units during February 2013. The company’s domestic sales stood at 39,338 units during February 2014, as against 44,399 units during February 2013. The 4-wheelers commercial segment has sold 14,701 units, while the 3-wheelers segment clocked 4,724 units in February 2014. Exports for the month stood at 2,828 units.
Commenting on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “The Auto Industry has received the much needed boost in terms of an excise duty reduction and this has resulted in higher enquiries over the last one week. The recently concluded Auto Expo has also been a success which will only help in generating demand. At Mahindra we are hopeful that these positive initiatives would be the beginning of a gradual upswing for the auto industry, as we move into the next financial year.”
Sales Summary February 2014
| Segment | February F14 | February F13 | YTD February F14 | YTD February F13 | MOM Feb F14 Vs Feb F13 growth% | YTD Feb F14 Vs YTD Feb F13 growth% |
| Passenger Vehicles (UVs & Verito) | 19308 | 23421 | 205722 | 253423 | -18% | -19% |
| 4-wheelers Commercial (Passenger & Load)* | 14701 | 15167 | 159938 | 157021 | – 3% | 2% |
| 3-wheelers | 4724 | 4803 | 56309 | 60679 | -2% | -7% |
| MTBL | 605 | 1008 | 7058 | 10567 | -40% | -33% |
| DOMESTIC TOTAL | 39338 | 44399 | 429027 | 481690 | -11% | -11% |
| M&M EXPORTS | 2828 | 3425 | 26513 | 29779 | -17% | -11% |
| SECTOR TOTAL | 42166 | 47824 | 455540 | 511469 | -12% | -11% |
*Includes Maxximo, Gio, Genio & Bolero Pick up
