Mahindra sales fall 10% in February

Automaker Mahindra & Mahindra today reported 10% decline in total sales at 38,033 units in February.

It had sold 42,166 units in the same month last year, the company said in a statement.

In domestic market, M&M's sales declined by 11% to 34,918 units last month as against 39,338 units a year earlier.

However, exports were up 10% at 3,115 units from 2,828 units in the same period a year earlier.

Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito stood at 18,103 units compared with 19,308 units in February 2014, down 6%.

Four-wheeler commercial vehicle sales fell by 19% to 11,928 units last month against 14,701 units in year-ago period, M&M said.

M&M Chief Executive (Automotive Division) Pravin Shah said: "The auto industry has not seen any major changes in the Union Budget 2015-16. However, looking at the overall Budget proposals including planned spend on infrastructure and social reforms, we expect positive sentiments going forward.