CEOs SPEAK

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.

CEO-Automotive

Pravin Shah

President & Chief Executive - Automotive

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CEO-Farm Equipment

Rajesh Jejurikar

President and Chief Executive - Farm Equipment & Two Wheeler

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CEO-Agri Business

Ashok Sharma

President - Agri, Africa & South Asia Operations, MD & CEO - Mahindra Agri Solutions Ltd.

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A record year for launches

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.

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Regained Market Share in UV Segment

New product launches (TUV300 & KUV100) were the key drivers behind gain in UV market share in H2FY16
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Consolidated No.1 position in LCV <3.5T segment

Jeeto, Supro & Imperio aided in retaining leadership in LCV segment
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Grew 2X compared to Industry in HCV Segment

HCV - M&M
LCV (GOODS > 3.5T & PASSENGER) M&M
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Company Performance across various Industry Segments
Segment Industry M&M M&M Mkt. Share
  FY16 Growth FY16 Growth FY15 FY16
Utility Vehicles 5,86,664 6.3% 2,22,324 7.5% 37.9% 37.5%
Cars (Participating) 4,45,597 7.9% 3,395 6.6% 0.8% 0.8%
Vans 1,77,535 3.7% 10,588 -24.1% 6.0% 8.1%
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 Passenger 48,960 9.2% 3,778 11.3% 7.7% 7.6%
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%
3W 5,38,092 1.0% 54,975 -3.2% 10.2% 10.7%
AS (Domestic) Total 23,01,116 5.7% 4,58,065 5.4% 19.9% 20.0%

Maintained No. 1 position in Tractor Industry

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Company Tractor Sales (Domestic + Export)
  • Steep decline in Indian tractor industry.
  • 33 years of M&M leadership in the domestic tractor with a market share of 40.9% and a gain of 0.9% over the previous year.
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