Mahindra passenger vehicles sales register 5% growth

Mahindra sold a total of 17,311 passenger vehicles in December 2014, registering a 5% growth against 16, 436 units sold in December 2013. The company’s total auto sales stood at 36,328 units during December 2014, as against 39,611 units during December 2013. The company’s domestic sales stood at 34,460 units during December 2014, as against 36,881 units during December 2013 while the Truck & Bus division registered a growth of 92% with 843 units.

Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division & International Operations (AFS), Mahindra & Mahindra Ltd. said, “We are happy to have achieved a growth of 5% for our passenger vehicle segment in December with 2014 being an immensely challenging year for the Auto industry. The industry which was showing early signs of recovery would be severely impacted by the withdrawal of the excise duty concessional rate which would affect overall business sentiment, as it will lead to an increase in vehicle prices.  At Mahindra we continue to remain optimistic going forward on the back of our new product launches during 2015”.

Mahindra & Mahindra Sales Summary December 2014

Segment	December F15	December F14	YTD December F15	YTD December F14	MOM Dec F15 vs Dec F14 Growth%	YTD Dec F15 vs Dec F14 Growth%
Passenger Vehicles (UVs & Verito)	17311	16436	152084	166622	5%	-9%
4-wheelers Commercial (Passenger & Load)*	12194	14399	119831	130137	-15%	-8%
3-wheelers	4112	5606	43274	46875	-27%	-8%
MTB	843	440	6307	5731	92%	10%
DOMESTIC TOTAL	34460	36881	321496	349365	-7%	-8%
M&M EXPORTS	1868	2730	20180	21324	-32%	-5%
SECTOR TOTAL	36328	39611	341676	370689	-8%	-8%

Source : CarDekho