M&M sales decline 12% to 36,274 units in April
May 01 2014 , New Delhi
Mahindra & Mahindra (M&M) had sold 41,432 units in the same month last year, the company said in a statement.
In April, M&M's domestic sales stood at 34,107 units as against 39,902 units in the same month of previous year, down 15 per cent.
Total sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito, stood at 18,148 units during the month as against 20,748 in April 2013, down 13 per cent.
Sales of the company's four-wheel commercial vehicles were down 19 per cent at 11,677 units as against 14,414 units in April 2013, it said.
The company's exports were up 42 per cent to 2,167 units during the month from 1,530 units in April 2013.
M&M Chief Executive (Automotive Division) Pravin Shah said: "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."
The company expects that post the general elections, sentiments would improve, leading to a better economic situation and hence increased demand, he added.
"At Mahindra, we are happy with our exports performance for the month and we continue to be optimistic going forward and expect to witness a gradual upswing on the back of our product offerings and customer centric initiatives," Shah said.