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In domestic market, M&M's sales declined by 11 per cent to 34,918 units last month as against 39,338 units a year earlier. However, exports were up 10 per cent at 3,115 units from 2,828 units in the same period a year earlier. Meanwhile, in the stock market the BSE benchmark Sensex ended at 29,593.73, up 134.59 points.
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On the other hand Ford India today reported 2.63 per cent increase in total sales at 12,576 units in February. It had sold 12,253 units in February 2014, Ford India said in a statement. Ford's domestic sales were at 5,959 units last month, down 12.35 per cent from 6,799 units a year ago, it added. The company said exports during the month stood at 6,617 units as compared to 5,454 units in February 2014.
Ford India Vice President (Marketing, Sales & Service) Anurag Mehrotra said the government's clear focus on promoting infrastructure and investment as indicated in the Union Budget will have an indirect effect on the growth of the automotive sector, which is one of the biggest contributors to GDP. “We hope that the government will continue its pro-consumer, industry-friendly reform policy and introduce measures such as lowering interest rates to boost demand in the auto sector,” he added.