Mumbai, July 1, 2016: Mahindra & Mahindra Ltd. (M&M Ltd.), India's leading SUV manufacturer, today announced its auto sales numbers which stood at 39,011 units during June 2016 as against 36,134 units during June 2015, representing a growth of 8%.
Mumbai, July 1, 2016: Mahindra & Mahindra Ltd. (M&M Ltd.), India's leading SUV manufacturer, today announced its auto sales numbers which stood at 39,011 units during June 2016 as against 36,134 units during June 2015, representing a growth of 8%.
Speaking on the auto sales performance for June 2016, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, 'At Mahindra, we are happy to have achieved an overall growth of 11% during the first quarter of the current financial year, despite various challenges. With the advent of a good monsoon, which we are currently witnessing, we hope to see improved sentiments and a buoyancy in demand thereby enhancing rural prosperity. We do hope that the Honorable Supreme Court, while taking a decision on diesel vehicles ban in NCR region, will take cognizance of all the facts, including the role that the automotive industry plays in the country's industrial growth.'
Sales Summary June 2016
June | YTD June | |||||
F17 | F16 | % Change | F17 | F16 | % Change | |
Passenger Vehicles | 17070 | 15880 | 7% | 59360 | 53479 | 11% |
Utility Vehicles | 15777 | 14433 | 9% | 55909 | 49354 | 13% |
Cars + Vans | 1293 | 1447 | -11% | 3451 | 4125 | -16% |
Commercial Vehicles | 13540 | 12737 | 6% | 39596 | 35473 | 12% |
LCV < 3.5T | 11955 | 11507 | 4% | 35641 | 32450 | 10% |
LCV > 3.5T | 1068 | 826 | 29% | 2465 | 2016 | 22% |
MHCV | 517 | 404 | 28% | 1490 | 1007 | 48% |
3W | 4381 | 4665 | -6% | 12005 | 12166 | -1% |
Total Domestic Sales | 34991 | 33282 | 5% | 110961 | 101118 | 10% |
Total Exports | 4020 | 2852 | 41% | 10569 | 8449 | 25% |
Total Sales (Domestic + Export) | 39011 | 36134 | 8% | 121530 | 109567 | 11% |
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.
Visit us at www.mahindra.com
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Media contact information:
Mohan Nair
Senior General Manager (Communications)
Automotive & Farm Equipment Sectors
Office Direct Line - + 91 22 28468510
Office Email Address - nair.mohan@mahindra.com
Mahindra & Mahindra Ltd. published this content on 01 July 2016 and is solely responsible for the information contained herein.
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