Mahindra’s Auto Sector sells 42,848 units during September 2015

Mumbai, October 1, 2015: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 42,848 units during September 2015 as against 44,911 units during September 2014.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 19,564 units in September 2015 as against 21,141 units during September 2014. The company’s domestic sales stood at 39,693 units during September 2015 as against 42,408 units during September 2014. In September 2015, the Medium and Heavy Commercial Vehicles segment sold 511 units, registering a growth of 184%.

Exports for September 2015 stood at 3,155 units, registering a growth of 26%.

Speaking on the auto sales performance for September 2015, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, “While the auto industry has witnessed a slow and fragmented recovery, the recent interest rate reduction by the RBI is bound to infuse optimism. If the majority of the rate cut is passed on to customers by the lending institutions, it will bring back the momentum in auto sales especially during the upcoming festival season. At Mahindra, we are very happy with the performance of our exports and MHCV segments which have grown by 26% and 184% respectively. Our TUV300, which was launched in September, has received a very good response and we expect this to boost our overall performance going forward”.

 

 

 

Sales Summary September 2015

 

September

YTD September

F16

F15

% Change

F16

F15

% Change

Passenger Vehicles

19564

21141

-7%

101697

110687

-8%

Utility Vehicles

18717

19647

-5%

94582

100086

-5%

Cars + Vans

847

1494

-43%

7115

10601

-33%

Commercial Vehicles

14430

15171

-5%

75074

75496

-1%

LCV < 3.5T

13460

14731

-9%

69394

71144

-2%

LCV > 3.5T

459

260

77%

3507

2846

23%

MHCV

511

180

184%

2173

1506

44%

3W

5699

6096

-7%

27249

28479

-4%

Total Domestic Sales

39693

42408

-6%

204020

214662

-5%

Total Exports

3155

2503

26%

18681

13618

37%

Total Sales (Domestic + Export)

42848

44911

-5%

222701

228280

-2%

 

 

 

 










 

*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 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:

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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