Automotive industry in India is showing slow sales growth due to uncertainty and sluggish economy in the country. Almost all vehicle manufacturing units have reported downward trend in sales of vehicles. This trend is very pronounced in the sale of passenger cars. Overall sale of comemrcial vehicles is slightly encouraging. M & M (‘Mahindra and Mahindrea’) also reported decline in sales figures of their vehicles for the month of ‘June, 2013’.
M & M released the sales figure of their vehicles for the month of ‘June, 2013’, and this shows a decline of 7.8 % when compared to the sales figures in June last year. The total units sold during the month are, 38092 units, this includes both passenger cars and commercial vehicles. Last year, M&M sold 41,322 units in June 2012. The data includes sale in India as well as export to other countries. A breakup of figures given below shows the complete picture.
In 2012, Mahindra and Mahindra sold thirty thousand nine hundred and fifty one vehicles in India, as compared to the sales figure of this year, which is, thirty six thousand two hundred and seven. This shows a downward trend of seventy point four percent. The sale of passenger cars gives a downward spiral of 12.93% . The breakup figure is 17,232 as compared to last year’s figure of 19,792.However, compared to the passenger cars the sale of ‘commercial vehicles’ is slightly better and even showed a growth of 5% . The company sold 13,761 cars in June 2013. However, when it comes to the sale of the ‘three wheelers’ there is a sharp decline of 11% when compared to the last year’s sale. The spokesperson of M&M said that the downward trend in sales of vehicles is due to many reasons, including the rise in the price of fuel and sluggish economy.