Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, has reported its auto sales numbers which stood at 42,776 units during October 2014, as against 50,558 units during October 2013, registering a fall of 15%. The Passenger Vehicles segment (which includes UVs and the Verito) sold 19,254 units in October 2014, as against 22,924 units during October 2013.

The company’s domestic sales stood at 40274 units during October 2014, as against 47,787 units during October 2013, registering a decline of 16%. In October 2014, the 4-wheelers commercial segment sold 14,812 units registering a fall of 15%, while the 3-wheelers sales declined 19% to 5,678 units in October 2014. Exports for the month stood at 2,502 units.

Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.