Mahindra & Mahindra announced its auto sales numbers which stood at 41,590 units during November 2015 as against 34,292 units during November 2014, representing a growth of 21%.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 19,662 units in November 2015 as against 14,473 units during November 2014, registering a growth of 36%. The company’s domestic sales stood at 39,383 units during November 2015 as against 32,100 units during November 2014, a growth of 23%. In November 2015, the Medium and Heavy Commercial Vehicles segment sold 454 units, registering a growth of 75%.
Exports for November 2015 stood at 2,207 units, registering a cumulative growth of 28% for YTD November 2015.
Speaking on the auto sales performance for November 2015, Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said that the festive season coupled with new product launches as well as moderation in interest rates has seen the auto industry post a positive growth during the last couple of months. Mahindra and Mahindra believes speedy implementation of GST will help and have a long term impact on the competitiveness of Indian auto industry.
He further added that Mahindra and Mahindra has been been buoyed by its new product launches such as the TUV300 as well as growth momentum of existing products like the Bolero, Scorpio and XUV500. The exports have been very encouraging, showing a 28% cumulative growth for the current fiscal and the SUV major is happy to be in a positive growth phase at the end of November 2015.
Sales Summary November 2015
| November | YTD November | |||||
| F16 | F15 | % Change | F16 | F15 | % Change | |
| Passenger Vehicles | 19662 | 14473 | 36% | 145419 | 145415 | 0% |
| Utility Vehicles | 18686 | 13613 | 37% | 135932 | 132728 | 2% |
| Cars + Vans | 976 | 860 | 13% | 9487 | 12687 | -25% |
| Commercial Vehicles | 14801 | 12622 | 17% | 108631 | 102463 | 6% |
| LCV < 3.5T | 14014 | 12040 | 16% | 101178 | 96995 | 4% |
| LCV > 3.5T | 333 | 323 | 3% | 4245 | 3487 | 22% |
| MHCV | 454 | 259 | 75% | 3208 | 1981 | 62% |
| 3W | 4920 | 5005 | -2% | 38168 | 39162 | -3% |
| Total Domestic Sales | 39383 | 32100 | 23% | 292218 | 287040 | 2% |
| Total Exports | 2207 | 2192 | 1% | 23456 | 18312 | 28% |
| Total Sales (Domestic + Export) | 41590 | 34292 | 21% | 315674 | 305352 | 3% |