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Mahindra & Mahindra Sales Decline 6pc in June

Auto-maker Mahindra & Mahindra reported 6 per cent decline in total sales at 36,134 vehicles in June.

It had sold 38,466 units in the same month last year, M&M said in a statement.

In the domestic market, its sales were down 9 per cent to 33,282 units last month as against 36,452 units in the same month of last year.

Exports were up 42 per cent at 2,852 vehicles as against 2,014 units in the same period a year ago.

Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito, stood at 15,880 units as compared to 18,635 units in June 2014, down 15 per cent.

Commercial vehicle sales were down 4 per cent to 12,737 units last month against 13,273 units in the year-ago period, M&M said.

Commenting on the outlook, M&M Chief Executive (Automotive Division) Pravin Shah said: “With a normal monsoon till date, an overall positive sentiment and a slew of new launches in the automotive industry, we expect buoyancy in demand going forward.”

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