Mahindra’s Auto Sector Sells 51,149 vehicles during October 2017

Mumbai, November 1, 2017: Mahindra & Mahindra Ltd. (M&M Ltd.) today announced its auto sales performance for October 2017 which stood at 51,149 vehicles, compared to 52,008 vehicles during October 2016.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 23,413 vehicles in October 2017, as against 24,737 vehicles during October 2016. The company’s domestic sales stood at 48,818 vehicles during October 2017, as against 48,729 vehicles during October 2016. In the Medium and Heavy Commercial Vehicles segment, M&M sold 748 vehicles for the month, a growth of 59%. Exports for October 2017 stood at 2,331 vehicles a de-growth of 29 %

Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “The auto industry has had a mixed month. The build up to Dhanteras & Diwali was good but the demand tapered off subsequently. Last year all festivals were in the month of October and the industry volumes had a high base. This year, September and October combined, we have grown by 7.9% in Auto Division. Going forward we enter into a year-end period of lower sales. Our refreshes & new variants, that have been launched, will carve out a niche and we expect to sustain the growth momentum for the remaining period of the current financial year.”

Sales Summary October 2017

 

October

YTD October

F18

F17

% Change

F18

F17

% Change

Passenger Vehicles

23413

24737

-5%

144812

140236

3%

Utility Vehicles

22040

23399

-6%

136638

131595

4%

Cars + Vans

1373

1338

3%

8174

8641

-5%

Commercial Vehicles

19279

18059

7%

116258

100895

15%

LCV < 3.5T

18057

17182

5%

107976

93384

16%

LCV > 3.5T

474

406

17%

4039

4433

-9%

MHCV

748

471

59%

4243

3078

38%

3W

6126

5933

3%

29792

33351

-11%

Total Domestic Sales

48818

48729

0%

290862

274482

6%

Total Exports

2331

3279

-29%

14779

25233

-41%

Total Sales (Domestic + Export)

51149

52008

-2%

305641

299715

2%

 

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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