Mahindra & Mahindra Saturday said its auto sales fell 6% to 34,652 units in July compared with same month a year ago due to decline in its passenger vehicle sales.
The leading SUV maker said its passenger vehicles segment sales declined 13% in July to 14,456 units from 16,569 units same month a year ago.
The company's domestic sales stood at 31,087 units during July 2015 as against 33,047 units during July 2014.
However exports for July 2015 rose 41% to 3,565 units, the company said in a filing to exchanges on Saturday.
"While the auto industry is currently seeing muted growth, we do believe that the launch of some exciting new products will help it turn the tide. In addition, with the advent of a good monsoon till date and reduction in fuel prices, we expect sentiments to improve, leading to overall growth in auto sales," said Pravin Shah, president and chief executive (Automotive) at Mahindra & Mahindra.
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