Hello @PPR Reddy.
Did you try to escape by passing it's hexadecimal value?
https://sqoop.apache.org/docs/1.4.2/SqoopUserGuide.html#_large_objects
I didn't give it a shot, but I'd say would be like this:
sqoop import <YOUR ORACLE CONN STRING> --fields-terminated-by \0xD --the representation of ^M in hexdecimal
Hope this helps!