Staging APP

Mahindra Auto Sector sells 35567 units during August 2014

Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 35,175 units during August 2014, as against 37,897 units during August 2013.

 

Mumbai, September 1, 2014: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 35,175 units during August 2014, as against 37,897 units during August 2013.

The Passenger Vehicles segment (which includes UVs and the Verito) sold 14,140 units in August 2014, as against 15,821 units during August 2013. The company’s domestic sales stood at 33,145 units during August 2014, as against 35,159 units during August 2013. In August 2014, the 4-wheelers commercial segment sold 12,975 units, while the 3-wheelers segment clocked 5,433 units, registering a growth of 6%. Exports for the month stood at 2,030 units.

Commenting on the monthly performance, Pravin Shah, Chief Executive, Automotive Division & International Operations(AFS), Mahindra & Mahindra Ltd. said, "In spite of our overall sales remaining flat in August, we continue to be optimistic due to the industry’s enhanced business confidence which is reflected by the manufacturing sector showing signs of revival. We do hope that the government continues to drive the agenda of reforms together with execution which would spur investments. The automotive industry, including us, is hopeful of a better demand leading up to the ensuing festival season."

 

Sales Summary August 2014

Segment

August F15

August F14

YTD

August F15

YTD August F14

MOM

August F15 Vs August F14 growth%

YTD August F15 Vs

YTD

August F14 growth%

Passenger Vehicles (UVs &Verito)

14140

15821

81861

91575

-11%

-11%

4-wheelers Commercial (Passenger &Load)*

12975

13718

64098

70481

-5%

-9%

3-wheelers

5433

5149

22383

22006

6%

2%

MTB

597

471

3908

3800

27%

3%

DOMESTIC TOTAL

33145

35159

172250

187862

-6%

-8%

M&M EXPORTS

2030

2738

11115

10115

-26%

10%

SECTOR TOTAL

35175

37897

183365

197977

-7%

-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

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