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201504 Mar

XUV500

 

Mahindra & Mahindra Ltd. (M&M Ltd.) has announced its auto sales numbers which stood at 38,033 units during February 2015 as against 42,166 units during February 2014 registering a decline of 10 per cent.

 

The Passenger Vehicles segment (which includes UVs and the Verito) sold 18,103 units in February 2015 as against 19,308 units during February 2014.

 

Mahindra’s domestic sales stood at 34,918 units during February 2015 as against 39,338 units during February 2014.

 

In February 2015, the Truck and Bus division of the company sold 731 units, registering a growth of 21 per cent.

 

Exports for February 2015 stood at 3,115 units registering a growth of 10 per cent.

 

Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. 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. Further, with an expected revision in lending rates in the RBI policy in early April, the industry should see better times ahead.  At Mahindra we are happy with our performance in Exports and the HCV segment where we have seen good growth”. 

 

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