Mahindra Sales Report For February 2015

India’s leading SUV manufacturer, Mahindra & Mahindra Ltd. (M&M Ltd.) today announced its auto sales numbers, the count for which stood at 38,033 units during February 2015, while the same in February 2014 stood at 42,166 units. The YTD auto sales stood at 4,19,639 in February 2015 as against 4,55,540 in February 2014. Sales for February 2015 have accounted for a fall of 10% when compared to the sales in February 2014.

In February 2015, the Passenger Vehicles Segment (which includes the Verito and the UVs) sold 18,103 units, while 19,308 units were sold during February 2014. Taking a look at the YTD numbers of February for the same segment, the numbers stood at 1,88,991 in 2015 as against 2,05,722 in 2014.

The sale of 4-wheelers Commercial (Passenger and Load) which includes the Maxximo, Gio, Genio & Bolero Pick up, declined by 19% as the numbers stood at 11,928 during February 2015 as against 14,701 during February 2014.

The company’s domestic sales declined to 34,918 units during February 2015 as against 39,388 units during February 2014. The MOM Domestic Sales for February 2015 fell by 11% as compared to February 2014 growth percentage.

The Truck and Bus division (LCV and HCV) of the company registered a growth of 21%, selling 731 units. The YTD sales for this division stood at 7,894 in February 2015 as against 7,058 in February 2014.

Sale of 3-wheelers stood at 4,156 in February 2015 as against 4,724 in February 2014, witnessing a 12% fall.

Exports for 2015 also registered a 10% growth as the numbers stood at 3,115 units.

Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd, giving his views on the monthly performance 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”.