Mahindra & Mahindra announced its auto sales performance for July 2016 which stood at 39,458 vehicles compared to 34,652 vehicles during July 2015, registering a growth of 14%. Exports for July 2016 stood at 4,153 vehicles, a growth of 16%.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 17,356 vehicles in July 2016 as against 14,456 vehicles during July 2015, a growth of 20%. The company’s domestic sales stood at 35,305 vehicles during July 2016, as against 31,087 vehicles during July 2015, a growth of 14%. In July 2016, the Medium and Heavy Commercial Vehicles segment sold 382 vehicles, registering a growth of 22%.
Pravin Shah, President & Chief Executive (Automotive), M&M Ltd. said that the advent of a good monsoon so far, has brought in positive sentiment for the economy and that is somewhat reflected in Mahindra’s sales performance.
Here is the sales summary July 2016
July | YTD July | |||||
F17 | F16 | % Change | F17 | F16 | % Change | |
Passenger Vehicles | 17356 | 14456 | 20% | 76716 | 67935 | 13% |
Utility Vehicles | 15962 | 13204 | 21% | 71871 | 62558 | 15% |
Cars + Vans | 1394 | 1252 | 11% | 4845 | 5377 | -10% |
Commercial Vehicles | 13168 | 12148 | 8% | 52762 | 47621 | 11% |
LCV < 3.5T | 12230 | 11230 | 9% | 47871 | 43680 | 10% |
LCV > 3.5T | 556 | 604 | -8% | 3019 | 2620 | 15% |
MHCV | 382 | 314 | 22% | 1872 | 1321 | 42% |
3W | 4781 | 4483 | 7% | 16786 | 16649 | 1% |
Total Domestic Sales | 35305 | 31087 | 14% | 146264 | 132205 | 11% |
Total Exports | 4153 | 3565 | 16% | 14722 | 12014 | 23% |
Total Sales (Domestic + Export) | 39458 | 34652 | 14% | 160986 | 144219 | 12% |