Mahindra’s Auto Sector sells remains almost flat

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Mahindra has sold a total of 35, 634 units in August, 2015, which means they have just gained 1% sales growth comapared to the same period last year. Last year they were able to sell a total of 35, 180 units. Although in recent times Mahindra has seen a steep decline in their sales figure but this new statistics statistics are no where near satisfactory level, and just before the launch of their new SUV Mahindra TUV300, this is definietly no inspiring news for them.

The passenger vehicle sales have declined by 7%, while the utility vehicles and cars-vans segment too faced declination. The only segment which has actually seen some rise is MHCV, where they have seen some 21% growth. Along with that in the commercial vehicles segment they have gained by 5% sales growth. The three wheelers segment on the other hand has also seen a steep decline.

Mahindra has been a top player in the utility and SUV segment of Indian market. But the recent trend is all about declination, which is pretty much clear from the domestic sales data available.

In the domestic segment Mahindra’s sales figure has declined by 3%. Although the company has gained an impressive amount of success in exporting vehicles, as in this segment they have seen a 73% rise than the same period last year. Their cumulative sales and exports figure however are not so impressive though, as it has gained only 1% sales growth.

Mahindra’s Auto Sector sells 35,634 units during August 2015

PRESS RELEASE

Mumbai, September, 2015: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 35,634 units during August 2015 as against 35,180 units during August 2014.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 14,198 units in August 2015 as against 15,321 units during August 2014. The company’s domestic sales stood at 32,122 units during August 2015 as against 33,150 units during August 2014. In August 2015, the Medium and Heavy Commercial Vehicles segment sold 341 units, registering a growth of 21%.

Exports for August 2015 stood at 3,512 units, registering a growth of 73%.

Speaking on the auto sales performance, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said, “While currently we are witnessing fragmented recovery in auto sales, we are hopeful that the upcoming festive season will provide a much needed fillip to the auto industry. Our export sales have grown with a record high of 73% compared to previous year. Overall we have had a positive month and the launch of new models is expected to further improve overall performance. At Mahindra, we are gearing up for an exciting launch of our forthcoming TUV300.”

Sales Summary August 2015

August

F16 F15  % Change
Passenger Vehicles 14198 15321 -7%
Utility Vehicles 13307 13911 -4%
Cars + Vans 891 1410 -37%
Commercial Vehicles 13023 12396 5%
MHCV 341 282 21%
3W 4901 5433 -10%
Total Domestic Sales 32122 33150 -3%
Total Exports 3512 2030 73%
Total Sales (Domestic + Export) 35634 35180 1%

*Includes Maxximo, Gio, Genio & Bolero Pick up

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