Home-grown auto major, Mahindra and Mahindra revealed its sales figures for the month of november. With a decline of 18 percent, Mahindra sold 39,255 units compared to 48,143 units in the same month previous year.
Company's domestic sales stood at 36,261 units in the month against 46,755 units of November 2012. In commercial four wheeler and three wheeler segment, 13,186 and 5,861 units were sold respectively by the company. Though, the exports showed an upside graph for Mahindra with 2,994 units as compared to 1,338 units in Nov 2012.
Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, "Post the festive season month of October, the auto industry has turned to further de-growth and continues to remain subdued.Unless some concrete measures are provided for its revival, we do not foresee any immediate turnaround. Factors such as increase in input costs and the depreciating rupee have not helped in any way. At Mahindra, we continue to focus on operational excellence to augment our overall performance and remain cautiously optimistic of the situation".
Not only Mahindra but the sales reports of almost every auto manufacturer in the country depicts same story of lack of demand and dipping sales figures.