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201302 Sep

Mahindra-Sales-Down

 

Mahindra & Mahindra Ltd. (M&M Ltd.), India’s reigning SUV king, has suffered a fortune reversal in the month of August, 2013 as its sales output across the auto segments took a plunge. As per the latest data, its auto sales numbers for August 2013 has been registered at 37,897 units, down by almost 18 per cent vis-a-vis 45,836 units sold during August 2012.

 

The passenger vehicles segment (which includes the UVs and Verito) sold 15,821 units in August 2013, as against 21,831 units during August 2012. The company’s domestic sales stood at 35,159 units during August 2013, as against 42,826 units during August 2012. The 4 wheeler commercial segment which includes passenger and load vehicles sold 13,718 units, while the 3 wheeler segment clocked 5,149 units in August2013. Exports for the month of August 2013 stood at 2,738 units.

 

Speaking on the monthly performance,Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. Said: “The auto industry which is currently going through one of its most challenging phases, is in desperate need of some short-term fiscal stimulus. The weakening rupee, resulting in increased inflation, is impacting cost of operations. Immediate action by the government is needed so as not to lose out on the upcoming festive season wherein sales could look up and bring some cheer for the auto industry and add additional revenue to the government.”

 

Sales Summary August 2013

 

Segment

Aug F14

Aug F13

YTD Aug F14

YTD Aug F13

MOM Aug F14 Vs Aug F13 growth (per cent)

YOY YTD Aug F14 Vs YTD Aug F13 growth (per cent)

Passenger Vehicles (UVs & Verito)

15821

21831

91575

105342

-28 per cent

-13 per cent

4-wheelers Commercial (Passenger & Load)*

13718

14267

70481

68366

-4 per cent

3 per cent

3-wheelers

5149

6004

22006

24968

-14 per cent

-12 per cent

MTBL

471

724

3800

5133

-35 per cent

-26 per cent

DOMESTIC TOTAL

35159

42826

187862

203809

-18 per cent

-8 per cent

M&M EXPORTS

2738

3010

10115

15112

-9 per cent

-33 per cent

SECTOR TOTAL

37897

45836

197977

218921

-17 per cent

-10 per cent

             

 

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