Mahindra's Auto Sector Sells 41,747 vehicles during July 2017

Registers a 21% growth in Passenger Vehicles segment

Mumbai, August 1, 2017: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales performance for July 2017 which stood at 41,747 vehicles, compared to 39,458 vehicles during July 2016, representing a growth of 6%.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 20,962 vehicles in July 2017, as against 17,356 vehicles during July 2016, registering a growth of 21%. The company’s domestic sales stood at 39,762 vehicles during July 2017, as against 35,305 vehicles during July 2016, a growth of 13%. In July 2017, the Medium and Heavy Commercial Vehicles segment sold 657 vehicles, a growth of 72%. Exports for July 2017 stood at 1,985 vehicles.

Commenting on the performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “We are happy with the overall performance for the month of July 2017. We have registered a growth of 21% in the Passenger Vehicle segment and a growth of 13% in overall domestic vehicle sales. The benefit of a good monsoon, the successful rollout of GST and a good run up to the festive season, starting from August, give us confidence of continuing a robust growth in Q2”.

Sales Summary July 2017
  July YTD July
  F18 F17 % Change F18 F17 % Change
Passenger Vehicles 20962 17356 21% 76747 76716 0%
Utility Vehicles 19152 15962 20% 72234 71871 1%
Cars + Vans 1810 1394 30% 4513 4845 -7%
Commercial Vehicles 15023 13168 14% 61475 52762 17%
LCV < 3.5T 13761 12230 13% 56770 47871 19%
LCV > 3.5T 605 556 9% 2632 3019 -13%
MHCV 657 382 72% 2073 1872 11%
3W 3777 4781 -21% 13832 16786 -18%
Total Domestic Sales 39762 35305 13% 152054 146264 4%
Total Exports 1985 4153 -52% 6661 14722 -55%
Total Sales (Domestic + Export) 41747 39458 6% 158715 160986 -1%

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

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