Mahindra's Auto Sector Sells 39,458 Vehicles during July 2016, Registers a Growth of 14%

Passenger Vehicles Witness a Growth of 20% in July 2016

Mumbai, August 1, 2016: Mahindra & Mahindra Ltd. (M&M Ltd.), India's leading SUV manufacturer, today announced its auto sales performance for July 2016 which stood at 39,458 vehicles compared to 34,652 vehicles during July 2015, a growth of 14%.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 17,356 vehicles in July 2016 as against 14,456 vehicles during July 2015, a growth of 20%. The company's domestic sales stood at 35,305 vehicles during July 2016, as against 31,087 vehicles during July 2015, a growth of 14%. In July 2016, the Medium and Heavy Commercial Vehicles segment sold 382 vehicles, registering a growth of 22%.

Exports for July 2016 stood at 4,153 vehicles, a growth of 16%.

Commenting on the auto sales performance for July 2016, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, "We are happy to have achieved a growth of 14% during July 2016 in the midst of various regulatory challenges. The advent of a good monsoon so far, has brought in positive sentiment for the economy and that is somewhat reflected in our performance. At Mahindra our growth is being driven by the various product launches of the last financial year, which have been in sync with customers' requirements. With a strong performance in our HCV business as well as our exports, we are hopeful of a positive outlook during the rest of the financial year."


 Sales Summary July 2016
  July YTD July
  F17 F16 %Change F17 F16 %Change
Passenger Vehicles 17356 14456 20% 76716 67935 13%
Utility Vehicles 15962 13204 21% 71871 62558 15%
Cars + Vans 1394 1252 11% 4845 5377 -10%
Commercial Vehicles 13168 12148 8% 52762 47621 11%
LCV < 3.5T 12230 11230 9% 47871 43680 10%
LCV > 3.5T 556 604 -8% 3019 2620 15%
MHCV 382 314 22% 1872 1321 42%
3W 4781 4483 7% 16786 16649 1%
Total Domestic Sales 35305 31087 14% 146264 132205 11%
Total Exports 4153 3565 16% 14722 12014 23%
Total Sales (Domestic + Export) 39458 34652 14% 160986 144219 12%

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 17.8 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 tractors, utility vehicles, information 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 2015, Mahindra & Mahindra was recognized as the Best Company for CSR in India in a study by the Economic Times. 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.

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