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Mahindra Auto Sector sells 40,403 vehicles in March

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 March 2021 stood at 40,403 vehicles, compared to 6,679 in March 2020.

Mumbai, April 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 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. 

According to Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd., “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. Infact Bolero volumes for March has 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%

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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