Mahindra sales slip 14.1 percent in May

June 1st, 2009 - 5:16 pm ICT by IANS  

New Delhi, June 1 (IANS) Auto major Mahindra and Mahindra sold 16,581 vehicles (including three wheelers) in the domestic market last month, 14.1 percent down from 19,296 units it sold in May 2008.
“In spite of the recent shutdown of our Nashik plant, we clocked very impressive sales numbers of 16,581 units in May 2009, reflecting a very positive and healthy demand for our products,” Mahindra chief of operations (automotive sector) Rajesh Jejurikar said in a statement.

“We do not expect the strike to have any impact on our annual plans,” he added.

Factory workers at Mahindra’s Nashik plant had gone on a two-week-long strike last month, protesting against the suspension of a union leader.

The exports during the period were down almost 79 percent at 285 units as against 1,357 vehicles exported in May 2008.

The sale of Mahindra’s core utility vehicles declined almost 3.3 percent to 12,620 units last month from 13,048 vehicles in the corresponding month last year.

Jejurikar said the loss of production on account of the strike would be made up by cancelling the planned closure next week for maintenance.

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