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Mahindra & Mahindra (M&M) sold 42,166 vehicles in February 2014, a 12 per cent fall from 47,824 units sold during the same month of last year.
The passenger vehicles segment (which includes utility vehicles and the 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 four-wheeler commercial segment sold 14,701 units, while the three-wheeler segment clocked 4,724 units in February 2014. Exports for the month stood at 2,828 units.
“The auto industry has received a 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,” said Pravin Shah, Chief Executive, Automotive Division at M&M.
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