Mahindra’s Auto Sector sells 51383 units during October 2015, registers a 20% growth

2026-08-21 10:11:56 Business

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Mumbai, November 1, 2015: Mahindra & Mahindra Ltd. (M&M Ltd.), India?s leading SUV manufacturer, today announced its auto sales numbers which stood at 51383 units during October 2015 as against 42780 units during October 2014, representing a growth of 20%.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 24060 units in October 2015 as against 20255 units during October 2014, registering a growth of 19%. The company?s domestic sales stood at 48815 units during October 2015 as against 40278 units during October 2014, a growth of 21%. In October 2015, the Medium and Heavy Commercial Vehicles segment sold 581 units, registering a growth of 169%.

Exports for October 2015 stood at 2568 units, representing a growth of 3% for October 2015 and a growth of 32% for YTD October 2015.

Speaking on the auto sales performance for October 2015, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, ?The advent of the festive season has provided the much needed fillip for the auto industry especially on the back of the new launches of most manufacturers which has received an encouraging response. With the drop in interest rates and the fuel prices remaining benign, we expect the industry to maintain a good growth momentum going forward. At Mahindra we are happy with our performance during October 2015, which has witnessed a positive growth of 20% backed by excellent response garnered from the recently launched TUV300 as well as other brands such as XUV500, Scorpio, Bolero and pickups. We are quite hopeful of this positive growth momentum continuing for the rest of the year.?

Sales Summary October 2015
October YTD October
F16 F15 % Change F16 F15 % Change
Passenger Vehicles 24060 20255 19% 125757 130942 -4%
Utility Vehicles 22664 19029 19% 117246 119115 -2%
Cars + Vans 1396 1226 14% 8511 11827 -28%
Commercial Vehicles 18756 14345 31% 93830 89841 4%
LCV < 3.5T 17770 13811 29% 87164 84955 3%
LCV > 3.5T 405 318 27% 3912 3164 24%
MHCV 581 216 169% 2754 1722 60%
3W 5999 5678 6% 33248 34157 -3%
Total Domestic Sales 48815 40278 21% 252835 254940 -1%
Total Exports 2568 2502 3% 21249 16120 32%
Total Sales (Domestic + Export) 51383 42780 20% 274084 271060 1%

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 in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.

In 2015, Mahindra & Mahindra was recognized as the Best Company for CSR in India in a study by the Economic Times. In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world?s 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.

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For further enquiries please contact:
Mohan Nair
Senior General Manager (Communications)
Automotive & Farm Equipment Sectors
Direct Line ? + 91 22 28468510
Email Address ? nair.mohan@mahindra.com