Mahindra's Auto Sector sells 38,033 units during February 2015

Mumbai, March 2, 2015: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 38,033 units during February 2015 as against 42,166 units during February 2014.

The Passenger Vehicles segment (which includes UVs and the Verito) sold 18,103 units in February 2015 as against 19,308 units during February 2014. The company’s domestic sales stood at 34,918 units during February 2015 as against 39,338 units during February 2014. In February 2015, the Truck & Bus division of the company sold 731 units, registering a growth of 21%.

Exports for February 2015 stood at 3,115 units registering a growth of 10%.

Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, The auto industry has not seen any major changes in the Union Budget 2015-16. However looking at the overall budget proposals including planned spend on infrastructure and social reforms, we expect positive sentiments going forward. Further, with an expected revision in lending rates in the RBI policy in early April, the industry should see better times ahead.  At Mahindra we are happy with our performance in Exports and the HCV segment where we have seen good growth.  

Sales Summary February 2015

Segment

February

F15

February

F14

YTD February

 

YTD February

 

MOM FebF15

 

Vs

YTD Feb F15

 

Vs

F15

F14

Feb F14 growth%

YTD

 

 

 

Feb  F14 growth%

Passenger Vehicles (UVs & Verito)

18103

19308

188991

205722

-6%

-8%

4-wheelers Commercial (Passenger & Load)*

11928

14701

144678

159938

-19%

-10%

3-wheelers

4156

4724

51956

56309

-12%

-8%

LCV & HCV

731

605

7834

7058

21%

11%

DOMESTIC TOTAL

34918

39338

393459

429027

-11%

-8%

M&M EXPORTS

3115

2828

26180

26513

10%

-1%

SECTOR TOTAL

38033

42166

419639

455540

-10%

-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 in tractorsutility vehiclesinformation technology, financial services  and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two 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+91 22 2490 1441   

Email:  group.communications@mahindra.com

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