All through FY16, we have been coping successfully with considerable challenges. We took significant strides in developing new products and services and entering new markets. By embracing global businesses, we are enhancing our design and technology capabilities along with our international presence.
President & Chief Executive - Automotive
President and Chief Executive - Farm Equipment & Two Wheeler
President - Agri, Africa & South Asia Operations, MD & CEO - Mahindra Agri Solutions Ltd.
Despite tough business environment conditions in FY16, we launched 14 new vehicles - a remarkable feat for any manufacturer. With the launch of TUV3OO and KUV1OO, we can boast of being the only OEM with a full range of UV products. With the KUV1OO, moreover, we have created a new segment in the UV space.
|Segment||Industry||M&M||M&M Mkt. Share|
|LCV Goods < 2T GVW||1,16,560||-11.3%||27,834||82.5%||23.9%||11.6%|
|LCV Goods 2 to 3.5T GVW||1,83,414||3.5%||1,26,819||-2.3%||69.1%||73.3%|
|LCV Goods > 3.5T GVW||34,397||19.5%||2,647||31.1%||7.7%||7.0%|
|HCV Goods (>16.2T) GVW||1,69,897||35.3%||5,705||63.0%||3.4%||2.8%|
|AS (Domestic) Total||23,01,116||5.7%||4,58,065||5.4%||19.9%||20.0%|