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Mahindra Auto Sector sells 35567 units during July 2014

Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 35,567 units during July 2014, as against 37,096 units during July 2013.

 

Mumbai, August 1, 2014: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 35,567 units during July 2014, as against 37,096 units during July 2013.

The Passenger Vehicles segment (which includes UVs and the Verito) sold 14,708 units in July 2014, as against 15,530 units during July 2013. The company’s domestic sales stood at 33,047 units during July 2014, as against 34,490 units during July 2013. In July 2014, the 4- wheelers commercial segment sold 12,472 units, while the 3-wheelers segment clocked 5,142 units. Exports for the month stood at 2,520 units.

Commenting on the monthly performance, Pravin Shah, Chief Executive, Automotive Division & International Operations(AFS), Mahindra & Mahindra Ltd. said, "The overall sales during the last month was subdued and the market remained challenging. With the monsoon now setting in across the country as well as the ensuing festival season, we expect positive sentiments in the coming months resulting in enhanced demand for our products. We are happy that our first global SUV, the XUV500, has crossed the milestone of 1 lac sales, this month, which is less than three years since its launch and we thank our customers for it".

 

Sales Summary July 2014

Segment

July F15

July F14

YTD July F15

YTD July F14

MOM

JulyF15 Vs

July F14 growth%

YTD

JulyF15 Vs

YTD

July F14 growth%

Passenger Vehicles (UVs &Verito)

14708

15530

67721

75754

-5%

-11%

4-wheelers Commercial (Passenger &Load)*

12472

13740

51123

56763

-9%

-10%

3-wheelers

5142

4490

16950

16857

15%

1%

MTB

725

730

3311

3329

-1%

-1%

DOMESTIC TOTAL

33047

34490

139105

152703

-4%

-9%

M&M EXPORTS

2520

2606

9085

7377

-3%

23%

SECTOR TOTAL

35567

37096

148190

160080

-4%

-7%

*Includes Maxximo, Gio, Genio & Bolero Pick up

  

    About Mahindra

 

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.

A USD 16.5 billion multinational group based in Mumbai, India, Mahindra employs more than 180,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractorsutility vehiclesinformation technologyfinancial services and vacation ownershipIn addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defenceenergy, industrial equipment, logistics, real estateretail, steel, commercial vehicles and two wheeler industries.

In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world’s largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category in 2013.

 

Visit us at www.mahindra.com

 

For further enquiries please contact:

Ruzbeh Irani

Chief Group Communications and Ethics Officer

and Member of the Group Executive Board

Mahindra Group

Phone: +91 22 2490 1441

[email protected]

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