Mahindra's February sales down 12 percent
Posted on Mar 01 2014 | IANS
New Delhi, March 1 : Automobile manufacturer Mahindra and Mahindra Saturday reported a decline of 12 percent in its overall sales, including exports, in February, which stood at 42,166 units from at 47,824 units in the corresponding month of last year.
Domestic sales stood at 39,338 units during last month, as against 44,399 units during February 2013, a decline of 11 percent.
The company's exports during the month under review fell by 17 percent at 2,828 units from 3,425 units being shipped-off in the corresponding period 2013.
The company's passenger vehicles sales during the month under review was down 18 percent at 19,308 units from an off-take of 23,421 units in February 2013.
Commercial vehicle sales of the company fell by three percent at 14,701 units from 15,167 units sold in the corresponding month of last year.