& Mahindra Ltd. (M&M Ltd.) sold a total of 3384 units of passenger
vehicles in March 2020 (domestic as well as exports) as compared to 27,646
units in the corresponding period last year.
This meant, the company witnessed a fall of 88 per cent in sales.
vehicle sales slumped from 25801 units in March 2019 to a mere 3111 units in
March 2020. As for cars and vans, in March 2020 it stood at 273 units while in
March 2019 it was 1845 units.
the full fiscal, the company sold a total of 186978 units in March 2020 as
compared to 254701 units in March 2019. Of this utility vehicles accounted for
179405 units in March 2020 and cars + vans accounted for 7573 units for March 2020.
The domestic sales include sales made in subsidiary company Mahindra Electric
Cars* + Vans
*Above Domestic Sales Includes sales made
in subsidiary company Mahindra Electric Mobility Ltd
on the performance, Veejay Ram Nakra, Chief Executive Officer, Automotive
Division, M&M Ltd. said, “Our performance in March has been muted on
account of the impact of the current lock-down related to Covid-19 and the
disruption in our BS VI ramp-up plan. The latter was planned between February
and March but was affected due to the challenges of parts supply from global
and local suppliers. We have been able to clear our BS IV inventory, but for
fewer than 100 vehicles. However, there are many vehicles that are sold, but
not yet registered because of the closure of RTOs.”
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