Mahindra’s Auto Sector Sells 39,357 vehicles during April 2017

Mumbai, May 2, 2017: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 39,357 vehicles during April 2017, as against 41,863 vehicles during April 2016.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 19,325 vehicles in April 2017, as against 22,655 vehicles during April 2016. The company’s domestic sales stood at 37,829 vehicles during April 2017, as against 39,357 vehicles during April 2016. In April 2017, the Medium and Heavy Commercial Vehicles segment sold 278 vehicles. Exports for April 2017 stood at 1,528 vehicles.

Commenting on the performance for April 2017, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “We are hopeful that the new financial year will bring in positive sentiments for the automotive industry with the key demand drivers in place. Factors such as the ongoing infrastructure development initiatives, outlook for a normal monsoon and the expectation of a stable policy environment will fuel growth in the coming days. At Mahindra we have registered a marginal de-growth in the month of April. Going forward, we are looking for a good growth momentum with our planned refreshes during FY18“.

Sales Summary April 2017

F18 F17 % Change
Passenger Vehicles 19325 22655 -15%
Utility Vehicles 18363 21484 -15%
Cars + Vans 962 1171 -18%
Commercial Vehicles 15066 12947 16%
LCV < 3.5T 14360 11834 21%
LCV > 3.5T 428 641 -33%
MHCV 278 472 -41%
3W 3438 3755 -8%
Total Domestic Sales 37829 39357 -4%
Total Exports 1528 2506 -39%
Total Sales (Domestic + Export) 39357 41863 -6%

About Mahindra

The Mahindra Group is a USD 17.8 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.