Mahindra's Auto Sector sells 39930 units during January 2015

Mumbai, February 2, 2015: Mahindra  Mahindra Ltd. (MM Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 39930 units during January 2015 as against 42685 units during January 2014.The Passenger Vehicles segment (which includes UVs and the Verito) sold 18804 units in January 2015 as against 19792 units during January 2014.

The company’s domestic sales stood at 37045 units during January 2015 as against 40324 units during January 2014. In January 2015, the Truck  Bus division of the company sold 796 units, registering a growth of 10%.

Exports for January 2015 stood at 2885 units registering a growth of 22%.

Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra Mahindra Ltd. said, The first month of 2015 has not been encouraging as the effect of withdrawal of excise duty subsidy is clearly evident. Unfortunately, the segmented recovery which we were witnessing over the last couple of months has been impacted with the excise duty change. We do hope that the upcoming Budget has some positive news for the auto sector. At Mahindra we are happy with the performance of our exports as well as our Trucks  Bus Division. 

Sales Summary January 2015

Segment

January

F15

January F14

YTD January

YTD January

MOM JanF15

 

Vs

YTD Jan F15

 

Vs

F15

F14

Jan F14 growth%

YTD

 


 

Jan F14 growth%

Passenger Vehicles (UVs & Verito)

18804

19792

170888

186414

-5%

-8%

4-wheelers Commercial (Passenger  oad)*

12919

15100

132750

145237

-14%

-9%

3-wheelers

4526

4710

47800

51585

-4%

-7%

MTB

796

722

7103

6453

10%

10%

DOMESTIC TOTAL

37045

40324

358541

389689

-8%

-8%

M&M EXPORTS

2885

2361

23065

23685

22%

-3%

SECTOR TOTAL

39930

42685

381606

413374

-6%

-8%

Includes Maxximo, Gio, Genio & Bolero Pick up

About Mahindra

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.

A USD 16.5 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position intractors,utility vehicles,information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in theagribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics,real estate, retail, steel, commercial vehicles andtwo wheeler industries.

In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world’s largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times Boldness in Business’ Award in the Emerging Markets’ category in 2013.

Visit us at www.mahindra.com

For further enquiries please contact:

Ruzbeh Irani

Chief Group Communications and Ethics Officer and

Member of the Group Executive Board

Mahindra Group 

Phone: +91 22 2490 1441

Email: group.communications@mahindra.com

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