Mahindra & Mahindra sells 36,274 units in April 2014

The home-grown auto major, Mahindra & Mahindra sold 36,274 units during April, 2014. The company sold 18,148 units of passenger vehicles in April, 2014, as against 20,748 units during April 2013.

Domestic sales for M&M stood at 34,107 units in April 2014, as against 39,902 units during April 2013. The four-wheel commercial segment for the company accounted for 11,677 units, while there were 3,532 units of 3-wheelers were sold in the month. Exports saw a growth of 42% at 2,167 units.

Commenting on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. 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. We do hope that post the general elections, sentiments improve leading to a better economic situation and hence increased demand. 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".