Mahindra’s Auto Sector Sells 42714 vehicles during February 2017

Mumbai, March 1, 2017: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales performance for February 2017 which stood at 42,714 vehicles compared to 44,002 vehicles during February 2016.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 20,605 vehicles in February 2017 as against 23,718 vehicles during February 2016. The company’s domestic sales stood at 40,414 vehicles during February 2017, as against 41,348 vehicles during February 2016.

Exports for February 2017 stood at 2,300 vehicles while MHCVs have registered an impressive growth of 49% at 716 vehicles during February 2017.

Commenting on the performance for February 2017, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, “The auto industry is seeing some positive trends emerging over the last two months. With rural sentiments improving, we believe that there will be a turnaround in demand over the next few months for the small commercial vehicles space. The industry is also waiting for the implementation of the BS 4 norms from April 2017 and at Mahindra, we have geared the supply chain so that there is no strain in moving to meet the new emissions norms. We also hope that the impending implementation of GST will provide a veritable boost to the auto industry and the economy in general.”

Category

Feb

YTD Feb

F17

F16

% Change

F17

F16

% Change

Passenger Vehicles

20605

23718

-13%

210778

209422

1%

Utility Vehicles

19529

22612

-14%

198714

196888

1%

Cars + Vans

1076

1106

-3%

12064

12534

-4%

Commercial Vehicles

16383

13864

18%

158040

149345

6%

LCV < 3.5T

15094

12919

17%

146273

138924

5%

LCV > 3.5T

573

466

23%

6523

5595

17%

MHCV

716

479

49%

5244

4826

9%

3W

3426

3766

-9%

47244

50331

-6%

Total Domestic Sales

40414

41348

-2%

416062

409098

2%

Total Exports

2300

2654

-13%

34532

32282

7%

Total Sales (Domestic + Export)

42714

44002

-3%

450594

441380

2%

About Mahindra

The Mahindra Group is a USD 17.8 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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