Mahindra’s Auto Sector Sells 52,008 vehicles during October 2016

Mahindra-and-Mahindra

Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales performance for October 2016 which stood at 52,008 vehicles compared to 51,383 vehicles during October 2015.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 24,737 vehicles in October 2016 as against 24,060 vehicles during October 2015, representing a growth of 3%. The company’s domestic sales stood at 48,729 vehicles during October 2016, as against 48,815 vehicles during October 2015.

Exports for October 2016 stood at 3,279 units registering a growth of 28% over October 2015.

Commenting on the auto sales performance for October 2016, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, “The festive season has brought about some cheer for the automotive industry with improved sentiments, on the back of a near normal monsoon, rural surge in demand and some new vehicle launches. Some of our power brands such as the Bolero, Scorpio, TUV300 and the Pickups have performed well. At Mahindra we are happy to achieve a 28% growth in our exports. We have expanded our electric vehicle portfolio (zero emissions) over the last one month by adding the eSupro range and the e2oPlus. We have a cumulative growth of 12% in UV, 19% in Exports and a 9% overall growth and hope to see the growth momentum continue for the remaining part of the year.”

Sales Summary October 2016

  October YTD October
F17 F16 % Change F17 F16 % Change
Passenger Vehicles 24737 24060 3% 140236 125757 12%
Utility Vehicles 23399 22664 3% 131595 117246 12%
Cars + Vans 1338 1396 -4% 8641 8511 2%
Commercial Vehicles 18059 18756 -4% 100895 93830 8%
LCV < 3.5T 17182 17770 -3% 93384 87164 7%
LCV > 3.5T 406 405 0% 4433 3912 13%
MHCV 471 581 -19% 3078 2754 12%
3W 5933 5999 -1% 33351 33248 0%
Total Domestic Sales 48729 48815 0% 274482 252835 9%
Total Exports 3279 2568 28% 25233 21249 19%
Total Sales (Domestic + Export) 52008 51383 1% 299715 274084 9%

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