Mahindra’s Auto Sector Sells 36,706 Units During May 2015

Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer, today announced its auto sales numbers which stood at 36,706 units during May 2015 as against 37,869 units during May 2014.

The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 18,135 units in May 2015 as against 19,470 units during May 2014. The company’s domestic sales stood at 33,369 units during May 2015 as against 35,499 units during May 2014. In May 2015, the Medium and Heavy Commercial Vehicles segment sold 343 units, registering a growth of 44%.

Exports for May 2015 stood at 3,337 units registering a growth of 41%.

Speaking on auto sales performance, Pravin Shah, President & Chief Executive (Automotive), Mahindra & Mahindra said, “The auto industry has been showing signs of recovery and it is important that factors like an interest rate cut if considered, would accelerate growth. At Mahindra we hope to see improved sentiments with higher level of economic activities and the launch of our New Age XUV500 which has received a good initial response. We are also happy with a 41% growth in our exports during the last month”.

Sales Summary May 2015

*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 16.9 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services  and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, 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.

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