Friday, 3 January 2014

M&M to launch around eight variants in 2014

Auto major Mahindra & Mahindra (M&M) is planning to launch around eight variants in 2014 as it expects a revival in the sector after two consecutive years of slump.

Recently, the auto major had reported 12.55% fall in sales at 39,611 units in December as against 45,297 sold in the same month a year ago. M&M’s domestic sales stood at 36,881 units as against 42,307 in December 2012, down 12.82 per cent. Exports were down 8.69 per cent to 2,730 units during the month.

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.

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