Mahindra’s Auto Sector Sells 40,591 Vehicles during August 2016, Registers a Growth of 14%

Passenger Vehicles Witness a Growth of 29% in August 2016

Mumbai, September 1, 2016: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales performance for August 2016 which stood at 40,591 vehicles compared to 35,634 vehicles during August 2015, a growth of 14%.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 18,246 vehicles in August 2016 as against 14,198 vehicles during August 2015, a growth of 29%.

The company sold 36,944 vehicles domestically during August 2016, as against 32,122 vehicles during August 2015, a growth of 15%. In August 2016, the Medium and Heavy Commercial Vehicles segment sold 371 vehicles, registering a growth of 9%.

Exports for August 2016 stood at 3,647 vehicles, a growth of 4% for the month and 18% cumulatively.

Commenting on the auto sales performance for August 2016, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, “The improved spread of monsoon as well as new product launches have helped the auto industry perform positively. Coupled with this, the uncertainty surrounding diesel vehicles has been lifted by the Honourable Supreme Court giving the customer the choice to buy his preferred vehicle which will help improve sentiments going forward. At Mahindra we are happy to have garnered an overall growth of 14% and a growth of 29% in UVs during the last month and we hope that the ensuing festive season will give us a further boost”.

Sales Summary August 2016

 

August

YTD August

F17

F16

% Change

F17

F16

% Change

Passenger Vehicles

18246

14198

29%

94962

82133

16%

Utility Vehicles

17119

13307

29%

88990

75865

17%

Cars + Vans

1127

891

26%

5972

6268

-5%

Commercial Vehicles

13993

13023

7%

66755

60644

10%

LCV < 3.5T

13049

12254

6%

60920

55934

9%

LCV > 3.5T

573

428

34%

3592

3048

18%

MHCV

371

341

9%

2243

1662

35%

3W

4705

4901

-4%

21491

21550

0%

Total Domestic Sales

36944

32122

15%

183208

164327

11%

Total Exports

3647

3512

4%

18369

15526

18%

Total Sales (Domestic + Export)

40591

35634

14%

201577

179853

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.

Visit us at www.mahindra.com

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

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