Mahindra & Mahindra announced its auto sales performance for October 2016 which stood at 52,008 vehicles compared to 51,383 vehicles during October 2015. The Passenger Vehicles segment (including UVs, Cars and Vans) sold 24,737 vehicles in October 2016 as against 24,060 vehicles during October 2015, representing a growth of 3%. The company’s domestic sales stood at 48,729 vehicles during October 2016, as against 48,815 vehicles during October 2015.
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Exports for October 2016 stood at 3,279 units registering a growth of 28% over October 2015.
Commenting on the auto sales performance for October 2016, Pravin Shah, President & Chief Executive (Automotive), Mahindra & Mahindra said that the festive season has brought about some cheer for the automotive industry with improved sentiments, on the back of a near normal monsoon, rural surge in demand and some new vehicle launches.
Some of Mahindra & Mahindra’s power brands such as the Bolero, Scorpio, TUV300 and the Pickups have performed well. Mahindra & Mahindra also extended its electric vehicle portfolio (zero emissions) over the last one month by adding the eSupro range and the e2oPlus. The manufacturer has a cumulative growth of 12% in UV, 19% in exports and a 9% overall growth.
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Sales Summary October 2016
| October | YTD October | |||||
| F17 | F16 | % Change | F17 | F16 | % Change | |
| Passenger Vehicles | 24737 | 24060 | 3% | 140236 | 125757 | 12% |
| Utility Vehicles | 23399 | 22664 | 3% | 131595 | 117246 | 12% |
| Cars + Vans | 1338 | 1396 | -4% | 8641 | 8511 | 2% |
| Commercial Vehicles | 18059 | 18756 | -4% | 100895 | 93830 | 8% |
| LCV < 3.5T | 17182 | 17770 | -3% | 93384 | 87164 | 7% |
| LCV > 3.5T | 406 | 405 | 0% | 4433 | 3912 | 13% |
| MHCV | 471 | 581 | -19% | 3078 | 2754 | 12% |
| 3W | 5933 | 5999 | -1% | 33351 | 33248 | 0% |
| Total Domestic Sales | 48729 | 48815 | 0% | 274482 | 252835 | 9% |
| Total Exports | 3279 | 2568 | 28% | 25233 | 21249 | 19% |
| Total Sales (Domestic + Export) | 52008 | 51383 | 1% | 299715 | 274084 | 9% |