Mahindra's Auto Sector sells 39,011 units during June 2016, registers a growth of 11% during the first quarter

Mumbai, July 1, 2016: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 39,011 units during June 2016 as against 36,134 units during June 2015, representing a growth of 8%.

Mumbai, July 1, 2016: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 39,011 units during June 2016 as against 36,134 units during June 2015, representing a growth of 8%.

Speaking on the auto sales performance for June 2016, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, “At Mahindra, we are happy to have achieved an overall growth of 11% during the first quarter of the current financial year, despite various challenges. With the advent of a good monsoon, which we are currently witnessing, we hope to see improved sentiments and a buoyancy in demand thereby enhancing rural prosperity. We do hope that the Honorable Supreme Court, while taking a decision on diesel vehicles ban in NCR region, will take cognizance of all the facts, including the role that the automotive industry plays in the country’s industrial growth.”

                                               Sales Summary June 2016

 

June

YTD June

F17

F16

% Change

F17

F16

% Change

Passenger Vehicles

17070

15880

7%

59360

53479

11%

Utility Vehicles

15777

14433

9%

55909

49354

13%

Cars + Vans

1293

1447

-11%

3451

4125

-16%

Commercial Vehicles

13540

12737

6%

39596

35473

12%

LCV < 3.5T

11955

11507

4%

35641

32450

10%

LCV > 3.5T

1068

826

29%

2465

2016

22%

MHCV

517

404

28%

1490

1007

48%

3W

4381

4665

-6%

12005

12166

-1%

Total Domestic Sales

34991

33282

5%

110961

101118

10%

Total Exports

4020

2852

41%

10569

8449

25%

Total Sales (Domestic + Export)

39011

36134

8%

121530

109567

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 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:
Mohan Nair
Senior General Manager (Communications)
Automotive & Farm Equipment Sectors
Office Direct Line – + 91 22 28468510
Office Email Address – nair.mohan@mahindra.com

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