Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 39,011 units during June 2016 as against 36,134 units during June 2015, representing a growth of 8%.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 17,070 units in June 2016 as against 15,880 units during June 2015, a growth of 7%. The company’s domestic sales stood at 34,991 units during June 2016 as against 33,282 units during June 2015. In June 2016, the Medium and Heavy Commercial Vehicles segment sold 517 units, registering a growth of 28%.
Exports for June 2016 stood at 4020 units registering a healthy growth of 41%.
Speaking on the auto sales performance for June 2016, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, “At Mahindra, we are happy to have achieved an overall growth of 11% during the first quarter of the current financial year, despite various challenges. With the advent of a good monsoon, which we are currently witnessing, we hope to see improved sentiments and a buoyancy in demand thereby enhancing rural prosperity. We do hope that the Honorable Supreme Court, while taking a decision on diesel vehicles ban in NCR region, will take cognizance of all the facts, including the role that the automotive industry plays in the country’s industrial growth.”
Sales Summary June 2016
|F17||F16||% Change||F17||F16||% Change|
|Cars + Vans||1293||1447||-11%||3451||4125||-16%|
|LCV < 3.5T||11955||11507||4%||35641||32450||10%|
|LCV > 3.5T||1068||826||29%||2465||2016||22%|
|Total Domestic Sales||34991||33282||5%||110961||101118||10%|
|Total Sales (Domestic + Export)||39011||36134||8%||121530||109567||11%|