Mahindra’s Auto Sector Sells 39,458 Vehicles During July 16
Mahindra & Mahindra

Mahindra’s Auto Sector Sells 39,458 Vehicles During July 2016, Registers a Growth of 14%

Passenger vehicles witness a growth of 20% in July 2016

Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales performance for July 2016 which stood at 39,458 vehicles compared to 34,652 vehicles during July 2015, a growth of 14%.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 17,356 vehicles in July 2016 as against 14,456 vehicles during July 2015, a growth of 20%. The company’s domestic sales stood at 35,305 vehicles during July 2016, as against 31,087 vehicles during July 2015, a growth of 14%. In July 2016, the Medium and Heavy Commercial Vehicles segment sold 382 vehicles, registering a growth of 22%.

Exports for July 2016 stood at 4,153 vehicles, a growth of 16%.

Commenting on the auto sales performance for July 2016, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, “We are happy to have achieved a growth of 14% during July 2016 in  the midst of  various regulatory challenges. The advent of a good monsoon so far, has brought in positive sentiment for the economy and that is somewhat reflected in our performance. At Mahindra our growth is being driven by the various product launches of the last financial year, which have been in sync with customers’ requirements. With a strong performance in our HCV business as well as our exports, we are hopeful of a positive outlook during the rest of the financial year.”

Sales Summary July 2016

July

YTD July

F17

F16

% Change

F17

F16

% Change

Passenger Vehicles

17356

14456

20%

76716

67935

13%

Utility Vehicles

15962

13204

21%

71871

62558

15%

Cars + Vans

1394

1252

11%

4845

5377

-10%

Commercial Vehicles

13168

12148

8%

52762

47621

11%

LCV < 3.5T

12230

11230

9%

47871

43680

10%

LCV > 3.5T

556

604

-8%

3019

2620

15%

MHCV

382

314

22%

1872

1321

42%

3W

4781

4483

7%

16786

16649

1%

Total Domestic Sales

35305

31087

14%

146264

132205

11%

Total Exports

4153

3565

16%

14722

12014

23%

Total Sales (Domestic + Export)

39458

34652

14%

160986

144219

12%

Mahindra’s Auto Sector Sells 39,458 Vehicles During July 16