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Mahindra Auto Sector sells 28,777 vehicles in February

Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 19.4 billion Mahindra Group, today 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.

Registers 44% growth in Utility Vehicles

Mumbai, March 1, 2021: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 19.4 billion Mahindra Group, today 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.

According to 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 semiconductors, 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 Ltd

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%

About Mahindra

The Mahindra Group is a USD 19.4 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company by volume.  It also enjoys a strong presence in renewable energy, agribusiness, logistics and real estate development.  Headquartered in India, Mahindra employs over 2,56,000 people across 100 countries.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

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