Car sales January 2016: Mahindra reports 10% growth YoY

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Added in: Mahindra

2015-Mahindra-XUV500-1

Mahindra & Mahindra (M&M), one of India’s SUV manufacturers, today announced its auto sales numbers which stood at 43,789 units during January 2016 as against 39,930 units during January 2015, representing a growth of 10%.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 22,088 units in January 2016 as against 19,573 units during January 2015, a growth of 13%. The company’s domestic sales stood at 40,693 units during January 2016 as against 37,045 units during January 2015. In January 2016, the Medium and Heavy Commercial Vehicles segment sold 611 units, registering a growth of 47%. Exports for January 2016 stood at 3,096 as against 2,885 units in January 2015.

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Speaking on the auto sales performance for January 2016, Pravin Shah, President & Chief Executive (Automotive), M&M said, “We are happy to have achieved  a growth of 10% during January 2016 which has been possible due to the demand for our products especially the newly launched KUV100 and TUV300.” He further went on to add, “The ensuing Auto Expo is expected to provide a strong fillip for the auto industry which would be beneficial for all OEMs. We are also hopeful that the upcoming Union Budget will have significant sops for the automotive industry, enabling it to post sustainable growth in times to come. We are also happy to see good growth in MHCV & Exports performances.”

Following is the sales report for Mahindra & Mahindra during the month of January 2016:

January YTD January
F16 F15 % Change F16 F15 % Change
Passenger Vehicles 22088 19573 13% 185704 182968 1%
Utility Vehicles 21034 18550 13% 174276 168360 4%
Cars + Vans 1054 1023 3% 11428 14608 -22%
Commercial Vehicles 14385 12946 11% 135481 127777 6%
LCV < 3.5T 13297 12150 9% 126005 120670 4%
LCV > 3.5T 477 380 26% 5129 4407 16%
MHCV 611 416 47% 4347 2700 61%
3W 4220 4526 -7% 46565 47800 -3%
Total Domestic Sales 40693 37045 10% 367750 358545 3%
Total Exports 3096 2885 7% 29628 23065 28%
Total Sales (Domestic + Export) 43789 39930 10% 397378 381610 4%
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