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  1. Mahindra’s Auto Sector Sells 35,634 Units During August 2015

Mahindra’s Auto Sector Sells 35,634 Units During August 2015

Mahindra Mahindra Ltd. (MM Ltd.), India leading SUV manufacturer, today announced its auto sales numbers which stood at 35,634 units during August 2015 as against 35,180 units during August 2014.

By: | Published: September 2, 2015 6:00 AM

Mahindra Mahindra Ltd. (MM Ltd.), India leading SUV manufacturer, today announced its auto sales numbers which stood at 35,634 units during August 2015 as against 35,180 units during August 2014.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 14,198 units in August 2015 as against 15,321 units during August 2014. The company domestic sales stood at 32,122 units during August 2015 as against 33,150 units during August 2014. In August 2015, the Medium and Heavy Commercial Vehicles segment sold 341 units, registering a growth of 21%.

Exports for August 2015 stood at 3,512 units, registering a growth of 73%.

Speaking on the auto sales performance, Pravin Shah, President Chief Executive (Automotive), MM Ltd. said, While currently we are witnessing fragmented recovery in auto sales, we are hopeful that the upcoming festive season will provide a much needed fillip to the auto industry. Our export sales have grown with a record high of 73% compared to previous year. Overall we have had a positive month and the launch of new models is expected to further improve overall performance. At Mahindra, we are gearing up for an exciting launch of our forthcoming TUV300.

Sales Summary August 2015

August YTD August
F16 F15 % Change F16 F15 % Change
Passenger Vehicles 14198 15321 -7% 82133 89546 -8%
Utility Vehicles 13307 13911 -4% 75865 80439 -6%
Cars + Vans 891 1410 -37% 6268 9107 -31%
Commercial Vehicles 13023 12396 5% 60644 60326 1%
LCV 3.5T 12254 11794 4% 55934 56413 -1%
LCV 3.5T 428 320 34% 3048 2586 18%
MHCV 341 282 21% 1662 1327 25%
3W 4901 5433 -10% 21550 22383 -4%
Total Domestic Sales 32122 33150 -3% 164327 172255 -5%
Total Exports 3512 2030 73% 15526 11115 40%
Total Sales (Domestic + Export) 35634 35180 1% 179853 183370 -2%

*Includes Maxximo, Gio, Genio Bolero Pick up

About Mahindra

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.

A USD 16.9 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position intractors,utility vehicles,information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in theagribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics,real estate, retail, steel, commercial vehicles andtwo wheeler industries.

In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times Boldness in Business; Award in the Emerging Markets; category in 2013.

Visit us at www.mahindra.com

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