Comments
Auto maker Mahindra & Mahindra today reported 3 per cent decline in total sales at 36,706 vehicles in May.
It had sold 37,869 units in the same month last year, M&M said in a statement.
In the domestic market, its sales were down 6 per cent at 33,369 units last month against 35,499 units in May 2014.
Exports were up 40.8 per cent at 3,337 vehicles against 2,370 units in the same period a year ago.
Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito, stood at 18,135 units compared with 19,470 units in May 2014, down 6.85 per cent.
Commercial vehicle sales were down 7.23 per cent at 11,407 units last month against 12,297 units in the same period a year ago, M&M said.
Commenting on the outlook, M&M Chief Executive (Automotive Division) Pravin Shah said: “The auto industry has been showing signs of recovery and it is important that factors like an interest rate cut if considered, would accelerate growth.”
He further said: “At Mahindra, we hope to see improved sentiments with higher level of economic activities...”
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.