Mahindra's Auto Sector sells 45,212 units during March 2015

The Passenger Vehicles segment (which includes UVs and the Verito) sold 21,030 units in March 2015 as against 23,433 units during March 2014. The company’s domestic sales stood at 41,193 units during March 2015 as against 48,490 units during March 2014. In March 2015, the Truck & Bus division of the company sold 1,076 units.

Exports for March 2015 stood at 4,019 units registering a growth of 28%.

Speaking on auto sales performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, “With factors such as expectation of normal monsoon, settling down of petrol and diesel prices and the likely softening of interest rates, we expect the auto industry to perform better, in FY2016. As a lead indicator, we have already seen the impact in segments such as the HCV, which is on a recovery path. At Mahindra, while we have performed reasonably well on all our flagship products, we are particularly happy with our performances in HCV and Exports, which have grown by 22% and 28% respectively, in March 2015. Going forward, we expect to perform better on the back of all these factors coupled with our planned new launches”.