Registers a 21% growth in Passenger Vehicles segment
Mumbai, August 1, 2017: Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales performance for July 2017 which stood at 41,747 vehicles, compared to 39,458 vehicles during July 2016, representing a growth of 6%.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 20,962 vehicles in July 2017, as against 17,356 vehicles during July 2016, registering a growth of 21%. The company’s domestic sales stood at 39,762 vehicles during July 2017, as against 35,305 vehicles during July 2016, a growth of 13%. In July 2017, the Medium and Heavy Commercial Vehicles segment sold 657 vehicles, a growth of 72%. Exports for July 2017 stood at 1,985 vehicles.
Commenting on the performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “We are happy with the overall performance for the month of July 2017. We have registered a growth of 21% in the Passenger Vehicle segment and a growth of 13% in overall domestic vehicle sales. The benefit of a good monsoon, the successful rollout of GST and a good run up to the festive season, starting from August, give us confidence of continuing a robust growth in Q2”.
Sales Summary July 2017
| July | YTD July | |||||
| F18 | F17 | % Change | F18 | F17 | % Change | |
| Passenger Vehicles | 20962 | 17356 | 21% | 76747 | 76716 | 0% |
| Utility Vehicles | 19152 | 15962 | 20% | 72234 | 71871 | 1% |
| Cars + Vans | 1810 | 1394 | 30% | 4513 | 4845 | -7% |
| Commercial Vehicles | 15023 | 13168 | 14% | 61475 | 52762 | 17% |
| LCV < 3.5T | 13761 | 12230 | 13% | 56770 | 47871 | 19% |
| LCV > 3.5T | 605 | 556 | 9% | 2632 | 3019 | -13% |
| MHCV | 657 | 382 | 72% | 2073 | 1872 | 11% |
| 3W | 3777 | 4781 | -21% | 13832 | 16786 | -18% |
| Total Domestic Sales | 39762 | 35305 | 13% | 152054 | 146264 | 4% |
| Total Exports | 1985 | 4153 | -52% | 6661 | 14722 | -55% |
| Total Sales (Domestic + Export) | 41747 | 39458 | 6% | 158715 | 160986 | -1% |