Mahindra’s Auto Sector Sells 39,303 vehicles during January 2017

Mumbai, Februray 1, 2017: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales performance for January 2017 which stood at 39,303 vehicles compared to 43,789 vehicles during January 2016.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 20,096 vehicles in January 2017 as against 22,088 vehicles during January 2016. The company’s domestic sales stood at 37,042 vehicles during January 2017, as against 40,693 vehicles during January 2016.

Exports for January 2017 stood at 2,261 vehicles.

Commenting on the performance for January 2017, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, “The auto industry continues to see mixed reactions and some of the segments including the rural market and the commercial vehicles category continue to face challenging times. Going forward we expect the announcements made at the National Budget today will positively impact the economy and also the industry, especially in view of the emphasis and the allocations made for rural, agri and infrastructure. We are confident that this will lead to a spur in demand”.

Sales Summary January 2017

 

January

YTD January

F17

F16

% Change

F17

F16

% Change

Passenger Vehicles

20096

22088

-9%

190173

185704

2%

Utility Vehicles

19217

21034

-9%

179185

174276

3%

Cars + Vans

879

1054

-17%

10988

11428

-4%

Commercial Vehicles

13890

14385

-3%

141657

135481

5%

LCV < 3.5T

12737

13297

-4%

131179

126005

4%

LCV > 3.5T

535

477

12%

5950

5129

16%

MHCV

618

611

1%

4528

4347

4%

3W

3056

4220

-28%

43818

46565

-6%

Total Domestic Sales

37042

40693

-9%

375648

367750

2%

Total Exports

2261

3096

-27%

32232

29628

9%

Total Sales (Domestic + Export)

39303

43789

-10%

407880

397378

3%

About Mahindra

The Mahindra Group is a USD 17.8 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

Media contact information:
Mohan Nair
Vice President (Communications)
Mahindra & Mahindra Ltd.
Office Direct Line – + 91 22 28468510
Office Email Address – nair.mohan@mahindra.com

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