Mahindra & Mahindra June sales down 8 per cent

Auto-maker Mahindra & Mahindra (M&M) has reported a 7.81 per cent decrease in its total sales at 38,092 units in June.

The company had sold 41,322 units in the same month in 2012.

In a statement, the company said its domestic sales stood at 36,207 units in the month under review, against 38,951 units in June 2012 - down 7.04 per cent.

Total sales of passenger vehicles, including Scorpio, XUV500, Xylo, Bolero and Verito, stood at 17,232 units against 19,792 units in June 2012 - down 12.93 per cent.

"We have witnessed a de-growth in the month of June amidst an overall decline in the auto industry. The depreciating rupee resulting in spiralling fuel costs coupled with high interest rates and the additional excise duty on SUVs has further dampened the industry without any substantial revenue to government," M&M Chief Executive (Automotive Division) Pravin Shah said.

Sales of the company's commercial vehicles, including Gio and Maxximo mini-trucks, registered 5 per cent growth, at 13,761 units, the company said.

M&M, however, added that sales of its three-wheelers declined by 11 per cent to 4,303 units during June 2013 from 4,836 units in the same month last year.

The auto major's exports declined by 20.49 per cent to 1,885 units during the month from 2,371 units in June 2012.

Shah said going forward, M&M hopes that some immediate short-term measures are announced and implemented by the government to bring back buoyancy in demand which is the need of the hour.