Mahindra's Auto Sector sells 45212 units during March 2015

Mumbai, April 1, 2015: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 45,212 units during March 2015 as against 51,636 units during March 2014.

The Passenger Vehicles segment (which includes UVs and the Verito) sold 21,030 units in March 2015 as against 23,433 units during March 2014. The company’s domestic sales stood at 41,193 units during March 2015 as against 48,490 units during March 2014. In March 2015, the Truck & Bus division of the company sold 1,076 units.

Exports for March 2015 stood at 4,019 units registering a growth of 28%.

Speaking on auto sales performance, Pravin Shah, Chief Executive, Automotive Division, Mahindra & Mahindra Ltd. said, With factors such as expectation of normal monsoon, settling down of petrol and diesel prices and the likely softening of interest rates, we expect the auto industry to perform better, in FY2016. As a lead indicator, we have already seen the impact in segments such as the HCV, which is on a recovery path. At Mahindra, while we have performed reasonably well on all our flagship products, we are particularly happy with our performances in HCV and Exports, which have grown by 22% and 28% respectively, in March 2015. Going forward, we expect to perform better on the back of all these factors coupled with our planned new launches. 

Sales Summary March 2015

Segment

March

F15

March

F14

YTD March

 

YTD March

 

MOM March F15

 

Vs

YTD March F15

 

Vs

F15

F14

March F14 growth%

YTD

 

 

 

March F14 growth%

Passenger Vehicles (UVs & Verito)

21030

23433

210021

229155

-10%

-8%

4-wheelers Commercial (Passenger & Load)*

14279

17649

158957

177587

-19%

-10%

3-wheelers

4808

6305

56764

62614

-24%

-9%

LCV & HCV

1076

1103

8910

8161

-2%

9%

DOMESTIC TOTAL

41193

48490

434652

477517

-15%

 

-9%

M&M EXPORTS

4019

3146

30196

29659

28%

2%

SECTOR TOTAL

45212

51636

464848

507176

-12%

-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 Brand, Communications and Ethics Officer (Mahindra Group) and

Member of the Group Executive Board

Phone: +91 22 2490 1441   

Email: group.communications@mahindra.com

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