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Mahindra Auto Sector sells 44,911 units during September 2014

Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 44,911 units during September 2014, as against 43,289 units during September 2013, registering a growth of 4%. Domestic sales register a growth of 5% Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced … Continued

Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 44,911 units during September 2014, as against 43,289 units during September 2013, registering a growth of 4%.

Domestic sales register a growth of 5%

Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 44,911 units during September 2014, as against 43,289 units during September 2013, registering a growth of 4%.

The Passenger Vehicles segment (which includes UVs and the Verito) sold 19,893 units in September 2014, as against 18,916 units during September 2013. The company’s domestic sales stood at 42,408 units during September 2014, as against 40,574 units during September 2013, registering a growth of 5%. In September 2014, the 4-wheelers commercial segment sold 15,979 units registering a growth of 9%, while the 3-wheelers segment clocked 6,096 units. Exports for the month stood at 2,503 units.

Speaking on the monthly performance, Pravin Shah, Chief Executive, Automotive Division & International Operations (AFS), Mahindra & Mahindra Ltd. said, “The sales numbers for September have been encouraging and we are glad that the automotive industry is turning the bend. We expect the ensuing festive season to bring in some much needed cheer with a slew of new launches from manufacturers as well as a reduction in the Current Account Deficit and stable and reducing fuel prices. At Mahindra, we are very happy with the positive growth, especially in our stronghold segments of UVs and Pick Ups which have grown by 9% and 30%, respectively. We do hope that the recently launched  New Generation Scorpio will continue to be a trendsetter”.

Sales Summary September 2014

Segment

September F15

September F14 YTD September F15 YTD September F14 MOM SepF15 Vs

Sep F14 growth%

YTD Sep F15 Vs

YTD Sep  F14 growth%

Passenger Vehicles (UVs & Verito) 19893 18916 101754 110491 5% -8%
4-wheelers Commercial (Passenger & Load)* 15979 14709 80077 85190 9% -6%
3-wheelers 6096 6403 28479 28409 -5% 0%
MTB 440 546 4348 4346 -19% 0%
DOMESTIC TOTAL 42408 40574 214658 228436 5% -6%
M&M EXPORTS 2503 2715 13618 12830 -8% 6%
SECTOR TOTAL 44911 43289 228276 241266 4%

 *Includes Maxximo, Gio, Genio & Bolero Pick up

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