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

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%