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Mahindra Auto Sector sells 39,149 vehicles in January

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

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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