Mahindra’s Auto Sector Sells 52,008 vehicles during October 2016

Mumbai, November 2, 2016: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales performance for October 2016 which stood at 52,008 vehicles compared to 51,383 vehicles during October 2015.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 24,737 vehicles in October 2016 as against 24,060 vehicles during October 2015, representing a growth of 3%. The company’s domestic sales stood at 48,729 vehicles during October 2016, as against 48,815 vehicles during October 2015.

Exports for October 2016 stood at 3,279 units registering a growth of 28% over October 2015.

Commenting on the auto sales performance for October 2016, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, “The festive season has brought about some cheer for the automotive industry with improved sentiments, on the back of a near normal monsoon, rural surge in demand and some new vehicle launches. Some of our power brands such as the Bolero, Scorpio, TUV300 and the Pickups have performed well. At Mahindra we are happy to achieve a 28% growth in our exports. We have expanded our electric vehicle portfolio (zero emissions) over the last one month by adding the eSupro range and the e2oPlus. We have a cumulative growth of 12% in UV, 19% in Exports and a 9% overall growth and hope to see the growth momentum continue for the remaining part of the year.”

 

October

YTD October

F17

F16

% Change

F17

F16

% Change

Passenger Vehicles

24737

24060

3%

140236

125757

12%

Utility Vehicles

23399

22664

3%

131595

117246

12%

Cars + Vans

1338

1396

-4%

8641

8511

2%

Commercial Vehicles

18059

18756

-4%

100895

93830

8%

LCV < 3.5T

17182

17770

-3%

93384

87164

7%

LCV > 3.5T

406

405

0%

4433

3912

13%

MHCV

471

581

-19%

3078

2754

12%

3W

5933

5999

-1%

33351

33248

0%

Total Domestic Sales

48729

48815

0%

274482

252835

9%

Total Exports

3279

2568

28%

25233

21249

19%

Total Sales (Domestic + Export)

52008

51383

1%

299715

274084

9%

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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