Comments
Mahindra & Mahindra Ltd’s (M&M) auto sales fell 12 per cent to 36,274 vehicles in April 2014, compared with 41,432 units sold during the same month a year ago.
During the month under review, the company sold 18,148 passenger vehicles (20,748 units in April 2013), while its domestic sales fell to 34,107 units (39,902 vehicles).
The four-wheeler commercial segment sold 11,677 units, while the three-wheeler segment clocked 3,532 units in April 2014.
"It is unfortunate that the auto industry has not seen an upturn over the last couple of months in spite of a reduction in excise duty. We do hope that post the general elections, sentiment improves leading to a better economic situation and hence increased demand,” Pravin Shah, Chief Executive, Automotive Division at M&M said.
M&M’s exports rose 42 per cent to 2,167 units, from 1,530 vehicles sold during the same period a year ago.
“We are happy with our exports performance and we continue to be optimistic going forward as we expect to witness a gradual upswing on the back of our product offerings and customer centric initiatives,” Shah added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.