The company’s overall automotive sales (Domestic+Exports) stood at 30,426 vehicles in August 2020, compared to 36,085 vehicles during August 2019.01 SEPTEMBER, 2020 | India
Mumbai, September 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 August 2020.
In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 13,651 vehicles in August 2020, compared to 13,507 vehicles in August 2019, registering a marginal growth of 1%.
In the Commercial Vehicles segment, the company sold 15,299 vehicles in August 2020, as against 14,684 vehicles in August 2019, a growth of 4%.
Exports for the month of August 2020 were at 1,169 vehicles.
The company’s overall automotive sales (Domestic+Exports) stood at 30,426 vehicles in August 2020, compared to 36,085 vehicles during August 2019.
Commenting on the performance, Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd. said, “At Mahindra, we continue to see good recovery in demand both for SUVs and Pick-ups in the Small Commercial Vehicles segment. For the month of August, we have registered growth in both SUVs and Pick-ups. We have been able to meet the uplift in demand by managing the supply chain challenges and going forward will continue to keep our focus on it.”
|Sales Summary August 2020|
|F21||F20||% Change||F21||F20||% Change|
|Cars* + Vans||244||470||-48%||610||4603||-87%|
|LCV < 3.5T||15097||13855||9%||43528||76197||-43%|
|LCV > 3.5T||98||475||-79%||197||3463||-94%|
|Total Domestic Sales||29257||33564||-13%||81049||195168||-58%|
|Total Sales (Domestic + Export)||30426||36085||-16%||85755||207916||-59%|
*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd
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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