Mahindra's Auto Sector Sells 46,130 Vehicles during September 2016, Registers a Growth of 8%
Mumbai, October 1, 2016: Mahindra & Mahindra Ltd. (M&M Ltd.), India's leading SUV manufacturer, today announced its auto sales performance for September 2016 which stood at 46,130 vehicles compared to 42,848 vehicles during September 2015, a growth of 8%. The company has achieved a growth of 11% during the six month period ended September 30, 2016.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 20,537 vehicles in September 2016 as against 19,564 vehicles during September 2015, a growth of 5%. The company's domestic sales stood at 42,545 vehicles during September 2016, as against 39,693 vehicles during September 2015.
Exports for September 2016 stood at 3,585 vehicles, a growth of 14% and cumulatively a growth of 18% during the first six months of FY17.
| Sales Summary March 2016 | ||||||
|---|---|---|---|---|---|---|
| September | YTD September | |||||
| F17 | F16 | %Change | F17 | F16 | %Change | |
| Passenger Vehicles | 20537 | 19564 | 5% | 115499 | 101697 | 14% |
| Utility Vehicles | 19206 | 18717 | 3% | 108196 | 94582 | 14% |
| Cars + Vans | 1331 | 847 | 57% | 7303 | 7115 | 3% |
| Commercial Vehicles | 16081 | 14430 | 11% | 82836 | 75074 | 10% |
| LCV < 3.5T | 15282 | 13460 | 14% | 76202 | 69394 | 10% |
| LCV > 3.5T | 435 | 459 | -5% | 4027 | 3507 | 15% |
| MHCV | 364 | 511 | -29% | 2607 | 2173 | 20% |
| 3W | 5927 | 5699 | 4% | 27418 | 27249 | 1% |
| Total Domestic Sales | 42545 | 39693 | 7% | 225753 | 204020 | 11% |
| Total Exports | 3585 | 3155 | 14% | 21954 | 18681 | 18% |
| Total Sales (Domestic + Export) | 46130 | 42848 | 8% | 247707 | 222701 | 11% |
About Mahindra
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
A USD 17.8 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
In 2015, Mahindra & Mahindra was recognized as the Best Company for CSR in India in a study by the Economic Times. In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world's largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category in 2013.
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Media contact information:
Mohan Nair
Vice President (Communications)
Automotive & Farm Equipment Sectors
Office Direct Line - + 91 22 28468510
Office Email Address – nair.mohan@mahindra.com
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