Mahindra's Auto Sector sells 37,915 units during December 2015, registers a 4% growth

Mumbai, January 1, 2016: Mahindra & Mahindra Ltd. (M&M Ltd.), India's leading SUV manufacturer, today announced its auto sales numbers which stood at 37,915 units during December 2015 as against 36,328 units during December 2014, representing a growth of 4%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 18,197 units in December 2015 as against 17,980 units during December 2014. The company's domestic sales stood at 34,839 units during December 2015 as against 34,460 units during December 2014. In December 2015, the Medium and Heavy Commercial Vehicles segment sold 528 units, registering a growth of 74%.

Exports for December 2015 stood at 3,076 units, registering a growth of 65%.

Speaking on the auto sales performance for December 2015, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, "Inspite of a challenging external environment, we at Mahindra have closed December on a positive note. Having been encouraged with the positive response to our upcoming KUV100, we are excited about this compact SUV launch on 15th January, especially with our first mFalcon petrol offering. We are delighted with our exports performance during December which has grown by 65%".

Sales Summary December 2015

 

December

YTD December

F16

F15

% Change

F16

F15

% Change

Passenger Vehicles

18197

17980

1%

163616

163395

0%

Utility Vehicles

17310

17082

1%

153242

149810

2%

Cars + Vans

887

898

-1%

10374

13585

-24%

Commercial Vehicles

12465

12368

1%

121096

114831

5%

LCV < 3.5T

11530

11525

0%

112708

108520

4%

LCV > 3.5T

407

540

-25%

4652

4027

16%

MHCV

528

303

74%

3736

2284

64%

3W

4177

4112

2%

42345

43274

-2%

Total Domestic Sales

34839

34460

1%

327057

321500

2%

Total Exports

3076

1868

65%

26532

20180

31%

Total Sales (Domestic + Export)

37915

36328

4%

353589

341680

3%

 

 

 

 

 










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 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.

Visit us at www.mahindra.com

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For enquiries please contact:
Mohan Nair
Senior General Manager (Communications)
Automotive & Farm Equipment Sectors
Office Direct Line – + 91 22 28468510
Office Email Address – nair.mohan@mahindra.com

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