However, exports were up 10 percent at 3,115 units from 2,828 units in the same period a year earlier. Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito stood at 18,103 units compared with 19,308 units in February 2014, down 6 percent.
Automaker Mahindra & Mahindra Monday reported 10 percent decline in total sales at 38,033 units in February. It had sold 42,166 units in the same month last year, the company said in a statement.
In domestic market, M&M's sales declined by 11 percent to 34,918 units last month as against 39,338 units a year earlier.
However, exports were up 10 percent at 3,115 units from 2,828 units in the same period a year earlier. Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito stood at 18,103 units compared with 19,308 units in February 2014, down 6 percent.
Four-wheeler commercial vehicle sales fell by 19 percent to 11,928 units last month against 14,701 units in year-ago period, M&M said.
M&M Chief Executive (Automotive Division) Pravin Shah said: "The auto industry has not seen any major changes in the Union Budget 2015-16. However, looking at the overall Budget proposals including planned spend on infrastructure and social reforms, we expect positive sentiments going forward.'
M&M stock price
On March 02, 2015, Mahindra and Mahindra closed at Rs 1277.45, down Rs 14.05, or 1.09 percent. The 52-week high of the share was Rs 1421.00 and the 52-week low was Rs 940.70.
The company's trailing 12-month (TTM) EPS was at Rs 59.05 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 21.63. The latest book value of the company is Rs 270.60 per share. At current value, the price-to-book value of the company is 4.72.
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