Mahindra Auto Sector registers 44% growth in utility vehicles sales

Date: 04 Mar 2021

Mahindra & Mahindra Ltd. (M&M Ltd.) announced that its overall auto sales (passenger vehicles+ commercial vehicles+ exports) for the month of February 2021 stood at 28,777 vehicles, compared to 32,476 in February 2020.

 In the Utility Vehicles segment, Mahindra sold 15,380 vehicles in February 2021, compared to 10,675 vehicles in February 2020, registering a growth of 44%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 15,391 vehicles in February 2021, a growth of 41% over same period last year.

 Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd., “At Mahindra we have witnessed a growth of 44% in UVs for the month of February, 2021. Demand continues to remain buoyant for our range of SUVs and Pick-ups and we have a robust order pipeline. However, supply of semi-conductors, as we all know, is a global issue and it is likely to continue for another 3 to 4 months. Going forward, we will continue to monitor the situation and closely work with our suppliers to minimise this supply risk."

Passenger Vehicles Sales Summary (Domestic) – February 2021

Category

February

YTD February

F21

F20

% Change

F21

F20

% Change

Utility Vehicles

15380

10675

44%

138887

176294

-21%

Cars*+ Vans

11

263

-96%

1629

7300

-78%

Passenger Vehicles

15391

10938

41%

140516

183594

-23%

 *Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility

Commercial Vehicles Sales Summary (Domestic) – February 2021         

Category

February

YTD February

F21

F20

% Change

F21

F20

% Change

LCV < 2T

1175

1220

-4%

22148

36421

-39%

LCV 2 T – 3.5 T

7446

13771

-46%

113417

149204

-24%

LCV > 3.5T + MHCV

581

865

-33%

3478

11185

-69%

3 Wheelers (including electric 3Ws)

2357

3843

-39%

16064

61766

-74%

Exports for the month of February 2021 were at 1,827 vehicles

Exports – February 2021

Category

February

YTD February

F21

F20

% Change

F21

F20

% Change

Total Exports

1827

1839

-1%

16255

26472

-39%

  

 

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