Mahindra's Auto Sector sells 41590 units during November 2015, registers a 21% growth

Mumbai, December 1, 2015: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 41,590 units during November 2015 as against 34,292 units during November 2014, representing a growth of 21%.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 19,662 units in November 2015 as against 14473 units during November 2014, registering a growth of 36%. The company’s domestic sales stood at 39,383 units during November 2015 as against 32,100 units during November 2014, a growth of 23%. In November 2015, the Medium and Heavy Commercial Vehicles segment sold 454 units, registering a growth of 75%.

Exports for November 2015 stood at 2,207 units, registering a cumulative growth of 28% for YTD November 2015.

Speaking on the auto sales performance for November 2015, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, “The festive season coupled with new product launches as well as moderation in interest rates has seen the auto industry post a positive growth during the last couple of months. I believe speedy implementation of GST will help and have a long term impact on the competitiveness of Indian auto industry. At Mahindra, we have been buoyed by our new product launches such as the TUV300 as well as growth momentum of existing products like the Bolero, Scorpio and XUV500. Our exports have been very encouraging, showing a 28% cumulative growth for the current fiscal. We are happy to be in a positive growth phase at the end of November 2015.”

Sales Summary November 2015


 

November

YTD November

F16

F15

% Change

F16

F15

% Change

Passenger Vehicles

19662

14473

36%

145419

145415

0%

Utility Vehicles

18686

13613

37%

135932

132728

2%

Cars + Vans

976

860

13%

9487

12687

-25%

Commercial Vehicles

14801

12622

17%

108631

102463

6%

LCV < 3.5T

14014

12040

16%

101178

96995

4%

LCV > 3.5T

333

323

3%

4245

3487

22%

MHCV

454

259

75%

3208

1981

62%

3W

4920

5005

-2%

38168

39162

-3%

Total Domestic Sales

39383

32100

23%

292218

287040

2%

Total Exports

2207

2192

1%

23456

18312

28%

Total Sales (Domestic + Export)

41590

34292

21%

315674

305352

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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