Mahindra's Auto Sector Sells 51,127 vehicles during February 2018, registers a growth of 19%

Mumbai, March 1, 2018: Mahindra & Mahindra Ltd. (M&M Ltd.) today announced its auto sales performance for February 2018 which stood at 51,127 vehicles, compared to 42,826 vehicles during February 2017, a growth of 19%.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 22,389 vehicles in February 2018, registering a growth of 8%. In the commercial vehicle segment, we sold 20,946 vehicles in February 2018, registering a 28% growth. The domestic sales stood at 48,473 vehicles during February 2018, registering a growth of 20%. In the Medium and Heavy Commercial Vehicles segment, M&M sold 828 vehicles for the month, registering a growth of 16%. Exports for February 2018 stood at 2,654 vehicles, a growth of 15%.

Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, "We are happy with our February performance with the business having registered a growth of 19%. This performance comes on the back of a sustained momentum and demand, both in the personal and commercial vehicle segments, which we believe will also continue in the month of March."

Sales Summary February 2018
  February YTD February
  F18 F17 % Change F18 F17 % Change
Passenger Vehicles 22389 20717 8% 222950 211453 5%
Utility Vehicles 20977 19529 7% 209322 198714 5%
Cars + Vans 1412 1188 19% 13628 12739 7%
Commercial Vehicles 20946 16383 28% 191307 158040 21%
LCV < 3.5T 19225 15094 27% 176521 146273 21%
LCV > 3.5T 893 573 56% 6679 6523 2%
MHCV 828 716 16% 8107 5244 55%
3W 5138 3426 50% 48023 47244 2%
Total Domestic Sales 48473 40526 20% 462280 416737 11%
Total Exports 2654 2300 15% 24813 34655 -28%
Total Sales (Domestic + Export) 51127 42826 19% 487093 451392 8%

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 enjoys 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, aerospace, commercial vehicles, components, defence, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,40,000 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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