Mahindra's Auto Sector Sells 53,663 vehicles during September 2017
Passenger Vehicles grow by 23%
Commercial Vehicles witness a growth of 19%
Mumbai, October 3, 2017: Mahindra & Mahindra Ltd. (M&M Ltd.) today announced its auto sales performance for September 2017 which stood at 53,663 vehicles, compared to 46130 vehicles during September 2016, representing a growth of 16%.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 25,327 vehicles in September 2017, as against 20537 vehicles during September 2016, registering a growth of 23%. The company’s domestic sales stood at 50,456 vehicles during September 2017, as against 42545 vehicles during September 2016, a growth of 19%. In the Medium and Heavy Commercial Vehicles segment, M&M sold 884 vehicles, a growth of 143%. Exports for September 2017 stood at 3,207 vehicles.
Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “The auto industry has witnessed a buoyant demand in September leading up to the festive season. This upsurge has been witnessed both in urban and rural markets. At Mahindra, we are very happy with our September 2017 performance with our passenger & commercial vehicle sales having grown at 23% & 19% respectively. We are particularly happy with the performance of our Scorpio brand which has had its highest monthly sales in September, since inception. Going forward, we are confident of sustaining a growth momentum for the rest of the festive season”.
|Sales Summary September 2017|
|F18||F17||% Change||F18||F17||% Change|
|Cars + Vans||1218||1331||-8%||6801||7303||-7%|
|LCV < 3.5T||17803||15282||16%||89919||76202||18%|
|LCV > 3.5T||514||435||18%||3565||4027||-11%|
|Total Domestic Sales||50456||42545||19%||242044||225753||7%|
|Total Sales (Domestic + Export)||53663||46130||16%||254492||247707||3%|
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
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