In the Commercial Vehicles segment, the company sold 13,103 vehicles in July 2020, as against 15,969 vehicles in July 2019.01 AUGUST, 2020 | India
Mumbai, August 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 July 2020.
In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 11,025 vehicles in July 2020, compared to 16,831 vehicles in July 2019.
In the Commercial Vehicles segment, the company sold 13,103 vehicles in July 2020, as against 15,969 vehicles in July 2019.
Exports for the month of July 2020 were at 1,467 vehicles.
The company’s overall automotive sales (Domestic+Exports) stood at 25,678 vehicles in July 2020, compared to 40,142 vehicles during July 2019.
Commenting on the performance, Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd. said, “At Mahindra, we are happy to see a growing trend in our overall vehicle sales, buoyed by the continuing revival in demand, primarily in rural and semi urban India. It is encouraging to see that the enquiry and booking levels in July are significantly higher compared to June, both for Utility Vehicles and Small Commercial Vehicles. As we ramp up production, the biggest challenge is on the supply side and working around these challenges is our top priority.”
|Sales Summary July 2020|
|F21||F20||% Change||F21||F20||% Change|
|Cars* + Vans||127||828||-85%||366||4133||-91%|
|LCV < 3.5T||12978||14874||-13%||28431||62342||-54%|
|LCV > 3.5T||55||678||-92%||99||2988||-97%|
|Total Domestic Sales||24211||37474||-35%||51792||161604||-68%|
|Total Sales (Domestic + Export)||25678||40142||-36%||55329||171831||-68%|
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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