The company’s overall automotive sales (Domestic + Exports) stood at 19,358 vehicles in June 2020, compared to 42,547 vehicles during June 2019.01 JULY, 2020 | India
Mumbai, July 1, 2020: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 19.4 billion Mahindra Group, today announced its auto sales performance for the month of June 2020.
In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 8,075 vehicles in June 2020, compared to 18,826 vehicles in June 2019.
In the Commercial Vehicles segment, the company sold 10,417 vehicles in June 2020, as against 16,394 vehicles in June 2019.
Exports for the month of June 2020 were at 853 vehicles.
The company’s overall automotive sales (Domestic + Exports) stood at 19,358 vehicles in June 2020, compared to 42,547 vehicles during June 2019.
Commenting on the performance, Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd. said, “The automotive industry has started to see recovery both in the passenger and small commercial vehicle segments. This has been led primarily by rising rural demand and movement of essential goods across the country. Our key brands such as Bolero, Scorpio and Pik-Ups, are all seeing good traction. Managing the supply chain will be our key focus area as we ramp up production to meet this increased demand.”
|Sales Summary June 2020|
|F21||F20||% Change||F21||F20||% Change|
|Cars* + Vans||117||1103||-89%||239||3305||-93%|
|LCV < 3.5T||10332||14863||-30%||15453||47468||-67%|
|LCV > 3.5T||34||826||-96%||44||2310||-98%|
|Total Domestic Sales||18505||39471||-53%||27581||124130||-78%|
|Total Sales (Domestic + Export)||19358||42547||-55%||29651||131689||-77%|
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 agribusiness, aerospace, commercial vehicles, components, defense, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. 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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