Mahindra & Mahindra Ltd. (M&M Ltd.), has sold 40,591 vehicles in August 2016 compared to 35,634 vehicles during August 2015, a growth of 14%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 18,246 vehicles in August 2016 as against 14,198 vehicles during August 2015, a growth of 29%. The company sold 36,944 vehicles domestically during August 2016, as against 32,122 vehicles during August 2015, a growth of 15%. In August 2016, the Medium and Heavy Commercial Vehicles segment sold 371 vehicles, registering a growth of 9%.

Exports for August 2016 stood at 3,647 vehicles, a growth of 4% for the month and 18% cumulatively.

Commenting on the auto sales performance for August 2016, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, “The improved spread of monsoon as well as new product launches have helped the auto industry perform positively. Coupled with this, the uncertainty surrounding diesel vehicles has been lifted by the Honourable Supreme Court giving the customer the choice to buy his preferred vehicle which will help improve sentiments going forward. At Mahindra we are happy to have garnered an overall growth of 14% and a growth of 29% in UVs during the last month and we hope that the ensuing festive season will give us a further boost”.

Sales Summary August 2016

August YTD August
F17 F16 % Change F17 F16 % Change
Passenger Vehicles 18246 14198 29% 94962 82133 16%
Utility Vehicles 17119 13307 29% 88990 75865 17%
Cars + Vans 1127 891 26% 5972 6268 -5%
Commercial Vehicles 13993 13023 7% 66755 60644 10%
LCV < 3.5T 13049 12254 6% 60920 55934 9%
LCV > 3.5T 573 428 34% 3592 3048 18%
MHCV 371 341 9% 2243 1662 35%
3W 4705 4901 -4% 21491 21550 0%
Total Domestic Sales 36944 32122 15% 183208 164327 11%
Total Exports 3647 3512 4% 18369 15526 18%
Total Sales (Domestic + Export) 40591 35634 14% 201577 179853 12%

 

 

 

 

 

 

 

 

 

 

 

 

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