Mumbai: Mahindra and Mahindra Ltd (M&M), India’s largest sport utility vehicle maker, sold a total 32,100 vehicles in November, including utility vehicles, cars, three-wheelers, trucks and passenger vehicles. The number of vehicles sold in the domestic market is lower by 11% from a year ago, the company said in a statement on Monday.

Of this, while utility vehicles declined 18% to 13,765 units, the four-wheeled passenger carriers and three-wheelers dropped 3% and 5%, respectively. Sales of the company’s heavy duty trucks and buses, however, increased 31% to 582 units over a year ago.

In the absence of new models, M&M has been ceding ground to rivals in the passenger vehicles segment. With launches of new models lined up from the next calendar year, the maker of Scorpio and XUV5OO models is expected to recoup some of the ground it has lost to foreign car makers such as Honda Cars India Ltd and Ford India Pvt. Ltd among others.

The company’s tractor sales also declined sharply by 36% to 14,207 units in November compared with a year ago. Rajesh Jejurikar, chief executive for farm equipment and two wheelers at the firm, attributed this to a delayed monsoon that has affected farm production adversely.

M&M shares fell 2.36% to 1,292.50 on BSE, while the exchange’s benchmark Sensex shed 0.47% to 28,559.62 points.

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