Mahindra & Mahindra (M&M), the SUV and commercial vehicles manufacturer, announced a drop of 10.06% in auto sales to 37,869 units during May, 2014 as against 42,104 units sold in May 2013.

The passenger vehicles segment (which includes UVs and the Verito) sold 18,085 units in May 2014, as against 22,244 units during May 2013.

The company's domestic sales stood at 35,499 units during May 2014, as against 42,104 units during May 2013. The 4-wheelers commercial segment has sold 12,836 units, while the 3-wheelers segment clocked 3,732 units in May 2014. Exports for the month stood at 2,370 units which represents a growth of 75%.

Commenting on the monthly performance, Pravin Shah, chief executive, Automotive Division, Mahindra & Mahindra said, ''Auto sales continue to remain subdued for many players, at the back of yet another challenging month for the industry. Post the electoral mandate, we expect to see improved sentiments resulting in a better economic situation which we hope will lead to a gradual increase in demand.  We are happy to have achieved a growth of 75% in our export volumes during May''.

Shares of the company declined Rs 12.5, or 1.02%, to trade at Rs 1,218.00. The total volume of shares traded was 12,828 at the BSE (9.43 a.m., Monday).