Mahindra sales rise marginally at 38,471 in June

Mahindra & Mahindra (M&M) had sold 38,092 units in the same month last year, the company said in a statement.

M&M's domestic sales also rose marginally at 36,457 units last month as against 36,207 a year earlier.

Sales of passenger vehicles, including Scorpio, XUV 5OO, Xylo, Bolero and Verito, stood at 16,780 units compared with 17,232 units in June 2013, down 3%.

Four-wheel commercial vehicle sales rose by 3% to 14,138 units in June 2014 as against 13,761 units in the year-ago month, it said.

Exports rose 7% to 2,014 units from 1,885 units in the same period a year earlier.

M&M Chief Executive (Automotive Division) Pravin Shah said: "The recent announcement by the government of an extension in the lowering of excise duty will provide a fillip leading up to the festive season.

PTI