Witnesses a Growth of 11% during the first six months of FY17
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.
Commenting on the auto sales performance for September 2016, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, “A good and near normal spread of monsoon as well as new vehicle launches have helped the auto industry perform positively. We do hope that the upcoming festive season brings in better demand due to improved sentiments. We are happy to have achieved an 11% growth during the first six months of the current financial in spite of the various uncertainties and challenges. Our exports during the six month period have seen a good growth of 18%. We hope to continue this momentum for the remaining part of the year.”
Sales Summary September 2016
|F17||F16||% Change||F17||F16||% Change|
|Cars + Vans||1331||847||57%||7303||7115||3%|
|LCV < 3.5T||15282||13460||14%||76202||69394||10%|
|LCV > 3.5T||435||459||-5%||4027||3507||15%|
|Total Domestic Sales||42545||39693||7%||225753||204020||11%|
|Total Sales (Domestic + Export)||46130||42848||8%||247707||222701||11%|