Mahindra's Auto Sector Sells 38,570 vehicles during November 2017

Registers a growth of 18%

Mumbai, December 1, 2017: Mahindra & Mahindra Ltd. (M&M Ltd.) today announced its auto sales performance for November 2017 which stood at 38,570 vehicles, compared to 32,564 vehicles during November 2016.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 16,030 vehicles in November 2017, as against 13,198 vehicles during November 2016, a growth of 21%. The company’s domestic sales stood at 36,039 vehicles during November 2017, as against 29,869 vehicles during November 2016, registering a growth of 21%. In the Medium and Heavy Commercial Vehicles segment, M&M sold 792 vehicles for the month, a growth of 122%. Exports for November 2017 stood at 2,531 vehicles, a de-growth of 6%

Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, "We are happy to be in a positive growth phase for November 2017, which is usually a lean period post the festive season. Our passenger and small commercial vehicles growth for the month of November have been very encouraging at 21% and 29% respectively, while the MHCV segment continued to grow very well. We expect our growth momentum to continue on the back of some recent refresh launches as well as the positivity of our product portfolio."

Sales Summary November 2017
  November YTD November
  F18 F17 % Change F18 F17 % Change
Passenger Vehicles 16030 13198 21% 161332 153768 5%
Utility Vehicles 14958 12416 20% 151596 144011 5%
Cars + Vans 1072 782 37% 9736 9757 0%
Commercial Vehicles 15554 12718 22% 131812 113613 16%
LCV < 3.5T 14262 11911 20% 122238 105295 16%
LCV > 3.5T 500 451 11% 4539 4884 -7%
MHCV 792 356 122% 5035 3434 47%
3W 4455 3953 13% 34247 37304 -8%
Total Domestic Sales 36039 29869 21% 327391 304685 7%
Total Exports 2531 2695 -6% 17340 28041 -38%
Total Sales (Domestic + Export) 38570 32564 18% 344731 332726 4%

About Mahindra

The Mahindra Group is a USD 19 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world's largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

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

Other Key Releases

Shaping the future

From solar lamps and water jugs and even prosthetic limbs, 3D printing has the potential to drive positive change in the lives of people everywhere. The Mahindra Group has now designed and implemented a pilot project to bring its benefits to semi-urban and rural India.

Back at it!

2016 has gone down in history as Mahindra Racing's most successful Moto3™ World Championship campaign to date. Goals were achieved and surpassed, causing the bar to constantly raise as the season progressed.

Reinventing supply chain

Mahindra partners with IBM to develop cloud-based Block Chain application, one of the first projects of its kind in India outside of traditional banking.