Mahindra’s Auto Sector Sells 41,863 Units During April 2016, Registers a Growth of 14%

Mahindra’s Auto Sector Sells 41,863 Units During April 2016, Registers a Growth of 14%

Passenger Vehicles Grow by 16% in April 2016

Mumbai, May 1, 2016: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 41,863 units during April 2016 as against 36,727 units during April 2015, representing a growth of 14%.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 22,655 units in April 2016 as against 19,464 units during April 2015, a growth of 16%. The company’s domestic sales stood at 39,357 units during April 2016 as against 34,467 units during April 2015, a growth of 14%. In April 2016, the Medium and Heavy Commercial Vehicles segment sold 472 units, registering a growth of 82%.

Exports for April 2016 stood at 2,506 units, a growth of 11%.

Speaking on the auto sales performance for April 2016, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, “At Mahindra we are happy to have begun the new financial year with a growth of 14%. We do hope that the Honorable Supreme Court, while taking a decision on diesel vehicles ban in NCR region on May 9, will take cognizance of all the facts including the role that the automotive industry plays in the country’s industrial growth. Going forward we hope to maintain our growth momentum with our wide range of product portfolio as well as the new launches of variants and refreshes, as per the need of our customers. “

Sales Summary April 2016

  April
  F17 F16 %Change
Passenger Vehicles 22655 19464 7.2%
Utility Vehicles 21484 17941 20%
Cars + Vans 1171 1523 -23%
Commercial Vehicles 12947 11329 14%
LCV < 3.5T 11834 10594 12%

 

LCV > 3.5T 641 475 35%
MHCV 472 260 82%
3W 3755 3674 2%
Total Domestic Sales 39357 34467 14%
Total Exports 2506 2260 11%
Total Sales (Domestic + Export) 41863 36727 14%

Mahindra Group:

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.

 

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Media contact information

Mahindra & Mahindra Ltd.

 

Mohan Nair

Senior General Manager (Communications)

Automotive & Farm Equipment Sectors

Office Direct Line – + 91 22 28468510

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