Mahindra Auto Sector sells 40,403 vehicles in March 2021

Date: 01 Apr 2021

Mahindra & Mahindra Ltd. (M&M Ltd.), announced that its overall auto sales (passenger vehicles+ commercial vehicles+ exports) for the month of March 2021 stood at 40,403 vehicles, compared to 6,679 in March 2020.

 In the Utility Vehicles segment, Mahindra sold 16,643 vehicles in March 2021, compared to 3,111 vehicles in March 2020. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 16,700 vehicles in March 2021. The growth in March 2021 over March 2020 has been unprecedented and is not comparable given the onset of pandemic during mid-March last year. 

 Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd. said, “At Mahindra we are witnessing very good momentum in demand and have a strong pipeline of bookings across our SUV range of  Bolero, Scorpio, XUV300, All-New Thar and also the Bolero Pik-up. In fact Bolero volumes for March have been the highest in this financial year and despite supply constraints we have been able to ramp up production of Bolero Pik-up significantly during the month. We expect supply challenges to remain for the next two to three months and then ease out gradually.”

Passenger Vehicles Sales Summary (Domestic) – March 2021

Category

March

YTD March

F21

F20

% Change

F21

F20

% Change

Utility Vehicles

16643

3111

435%

155530

179405

-13%

Cars*+ Vans

57

272

-79%

1686

7572

-78%

Passenger Vehicles

16700

3383

394%

157216

186977

-16%

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

Commercial Vehicles Sales Summary (Domestic) – March 2021         

Category

March

YTD March

F21

F20

% Change

F21

F20

% Change

LCV < 2T

1641

49

3249%

23789

36466

-35%

LCV 2 T – 3.5 T

14683

2185

572%

128100

151393

-15%

LCV > 3.5T + MHCV

792

87

810%

4270

11272

-62%

3 Wheelers (including electric 3Ws)

4461

421

960%

20525

62187

-67%

Exports for the month of March 2021 were at 2,126 vehicles

 Exports – March 2021

 Category

March

YTD March

F21

F20

% Change

F21

F20

% Change

Total Exports

2126

554

284%

18381

27026

-32%

  

 

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