Mahindra & Mahindra Ltd records 6 per cent growth in PV sales

Date: 01 Oct 2020

 In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra & Mahindra sold 14,857 vehicles in September 2020, compared to 14,333 vehicles in September 2019, registering a growth of 4%.

Total Exports for the month of September 2020 were at 1,569 vehicles. The company’s overall automotive sales (Domestic + Exports) stood at 35,920 vehicles in September 2020, compared to 43,343 vehicles during September 2019.

Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd. said, “At Mahindra, we are happy to witness a growth of 6% in Utility Vehicles. It is also encouraging to see that the enquiry and booking levels in September were significantly higher compared to the previous months, both for UVs and SCVs. With market sentiments indicating a robust festive demand across segments, both in rural and urban markets, we are positive that this festive season will augur well for us as well as the automotive industry.”

Sales Summary September 2020

 

Category

September

YTD September

F21

F20

% Change

F21

F20

% Change

Passenger Vehicles

14857

14333

4%

51475

104071

-51%

Utility Vehicles

14663

13858

6%

50671

98993

-49%

Cars* + Vans

194

475

-59%

804

5078

-84%

Total Domestic Sales

34351

40692

-16%

115400

235860

-51%

Total Exports

1569

2651

-41%

6275

15399

-59%

Total Sales (Domestic + Export)

35920

43343

-17%

121675

251259

-52%

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

 

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