Mahindra Auto Sector sells 39,149 vehicles in January
Auto
Registers 5% growth in Utility Vehicles
Mumbai, February 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 January 2021 stood at 39,149 vehicles, compared to 52,546 in January 2020.
In the Utility Vehicles segment, Mahindra sold 20,498 vehicles in January 2021, compared to 19,455 vehicles in January 2020, registering a growth of 5%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 20,634 vehicles in January 2021, a growth of 4% 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 5% in Utility Vehicles for the month of January. We have also seen strong bookings fueled by continued demand. Supply shortage of micro-processor semiconductors continues to be a serious challenge for the Auto Industry. Going forward we are working with our supplier partners to gear up our supply chain and meet the market demand.”
Passenger Vehicles Sales Summary (Domestic) – January 2021
| Category | January | YTD January | ||||
| F21 | F20 | % Change | F21 | F20 | % Change | |
| Utility Vehicles | 20498 | 19455 | 5% | 123507 | 165619 | -25% |
| Cars + Vans | 136 | 342 | -60% | 1618 | 7037 | -77% |
| Passenger Vehicles | 20634 | 19797 | 4% | 125125 | 172656 | -28% |
*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd
Commercial Vehicles Sales Summary (Domestic) – January 2021
| Category | January | YTD January | ||||
| F21 | F20 | % Change | F21 | F20 | % Change | |
| LCV <2T | 991 | 4518 | -78% | 20973 | 35201 | -40% |
| LCV 2 T – 3.5 T | 11846 | 17317 | -32% | 105971 | 135433 | -22% |
| LCV > 3.5T + MHCV | 551 | 1016 | -46% | 2897 | 10320 | -72% |
| 3 Wheelers (including electric 3Ws) | 2841 | 8137 | -65% | 13707 | 57923 | -76% |
Exports for the month of January 2021 were at 2,286 vehicles
Exports – January 2021
| Category | January | YTD January | ||||
| F21 | F20 | % Change | F21 | F20 | % Change | |
| Total Exports | 2286 | 1761 | 30% | 14428 | 24633 | -41% |
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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