Mahindra post 2% hike in April 2013 Sales

Mahindra & Mahindra has announced its sales numbers for April 2013 which stood at 41,432 units as against 40,715 units during the same period last year. The passenger vehicles segment, which consists of UVs and Verito, recorded a growth of 1 per cent, having sold 20,748 units in April 2013, as against 20,554 units during April 2012. The homegrown car manufacturer's domestic sales stood at 39,902 units during April 2013, as against 39,295 units during April 2012.

The 4 wheeler commercial segment, which includes the passenger and load vehicles registered a 10 per cent growth, having sold 14,414 units, while the 3 wheeler segment clocked 4036 units in April 2013. Exports for the month of April 2013 stood at 1530 units, a positive growth of 8 per cent.

Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “We are extremely disappointed that the additional 3% excise duty on SUVs has not been reversed in the Finance Bill, which would have brought about some cheer and momentum for SUV makers and provided them with a level playing field. We remain cautiously optimistic of the current situation and do hope that with the much awaited and needed reduction in interest rates announcement by the RBI next week, the auto industry will look up. At Mahindra, we hope to create excitement with the launch of the Verito Vibe and other product variants”.