Mahindra's Auto Sector Sells 42,116 vehicles during August 2017
Passenger Vehicles grow by 6%
Commercial Vehicles witness a growth of 17%
Mumbai, September 1, 2017: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales performance for August 2017 which stood at 42,116 vehicles, compared to 40,591 vehicles during August 2016, representing a growth of 4%.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 19,325 vehicles in August 2017, as against 18,246 vehicles during August 2016, registering a growth of 6%. The company’s domestic sales stood at 39,534 vehicles during August 2017, as against 36,944 vehicles during August 2016, a growth of 7%. In August 2017, the Medium and Heavy Commercial Vehicles segment sold 538 vehicles, a growth of 45%. Exports for August 2017 stood at 2,582 vehicles.
Commenting on the performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, "We are happy with our performance in August’17 as our Commercial Vehicles grew by 17%. Our LCV < 3.5T grew by 18% and MHCVs registered a whooping growth of 45%. This upsurge in demand has been due to good monsoons and our rural penetration. Our Passenger Vehicles grew by 6% and our overall sales grew by 4%. Our brands continue to gain traction despite several external challenges. As we get into festive season, we are confident of a good growth over the next couple of months, on the back of our diversified product portfolio."
|Sales Summary August 2017|
|F18||F17||% Change||F18||F17||% Change|
|Cars + Vans||1070||1127||-5%||5583||5972||-7%|
|LCV < 3.5T||15346||13049||18%||72116||60920||18%|
|LCV > 3.5T||419||573||-27%||3051||3592||-15%|
|Total Domestic Sales||39534||36944||7%||191588||183208||5%|
|Total Sales (Domestic + Export)||42116||40591||4%||200831||201577||0%|
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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