Mahindra's Auto Sector Sells 46,130 Vehicles during September 2016, Registers a Growth of 8%

Mumbai, October 1, 2016: Mahindra & Mahindra Ltd. (M&M Ltd.), India's leading SUV manufacturer, today announced its auto sales performance for September 2016 which stood at 46,130 vehicles compared to 42,848 vehicles during September 2015, a growth of 8%. The company has achieved a growth of 11% during the six month period ended September 30, 2016.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 20,537 vehicles in September 2016 as against 19,564 vehicles during September 2015, a growth of 5%. The company's domestic sales stood at 42,545 vehicles during September 2016, as against 39,693 vehicles during September 2015.

Exports for September 2016 stood at 3,585 vehicles, a growth of 14% and cumulatively a growth of 18% during the first six months of FY17.

 Sales Summary March 2016
  September YTD September
  F17 F16 %Change F17 F16 %Change
Passenger Vehicles 20537 19564 5% 115499 101697 14%
Utility Vehicles 19206 18717 3% 108196 94582 14%
Cars + Vans 1331 847 57% 7303 7115 3%
Commercial Vehicles 16081 14430 11% 82836 75074 10%
LCV < 3.5T 15282 13460 14% 76202 69394 10%
LCV > 3.5T 435 459 -5% 4027 3507 15%
MHCV 364 511 -29% 2607 2173 20%
3W 5927 5699 4% 27418 27249 1%
Total Domestic Sales 42545 39693 7% 225753 204020 11%
Total Exports 3585 3155 14% 21954 18681 18%
Total Sales (Domestic + Export) 46130 42848 8% 247707 222701 11%

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.

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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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