Mahindra Auto Sector sells 34,652 units during July 2015

Mumbai, August 1, 2015: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 34,652 units during July 2015 as against 35,567units during July 2014. 

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 14,456 units in July 2015 as against 16,569 units during July 2014. The company’s domestic sales stood at 31,087 units during July 2015 as against 33,047 units during July 2014. In July 2015, the Medium and Heavy Commercial Vehicles segment sold 314 units, registering a growth of 11%.

Exports for July 2015 stood at 3,565 units registering a growth of 41%.

Speaking on the auto sales performance, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, While the auto industry is currently seeing muted growth, we do believe that the launch of some exciting new products will help it turn the tide. In addition, with the advent of a good monsoon till date and reduction in fuel prices, we expect sentiments to improve, leading to overall growth in auto sales. At Mahindra we continue to be excited with our portfolio of products as well as our upcoming launches. We are happy to have seen continuous growth in our HCV and exports numbers.

Sales Summary July 2015

 

July

YTD July

F16

F15

% Change

F16

F15

% Change

Passenger Vehicles

14456

16569

-13%

67935

74225

-8%

Utility Vehicles

13204

14348

-8%

62558

66528

-6%

Cars + Vans

1252

2221

-44%

5377

7697

-30%

Commercial Vehicles

12148

11336

7%

47621

47930

-1%

LCV  3.5T

11230

10611

6%

43680

44619

-2%

LCV  3.5T

604

441

37%

2620

2266

16%

MHCV

314

284

11%

1321

1045

26%

3W

4483

5142

-13%

16649

16950

-2%

Total Domestic Sales

31087

33047

-6%

132205

139105

-5%

Total Exports

3565

2520

41%

12014

9085

32%

Total Sales (Domestic + Export)

34652

35567

-3%

144219

148190

-3%

*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 16.9 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:

Mohan Nair

Senior General Manager (Communications)

Automotive & Farm Equipment Sectors

Direct Line – + 91 22 28468510

Email Address – nair.mohan@mahindra.com

Mobile: +91 9004012237


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