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Mahindra’s Auto Sector sells 35,920 vehicles, registers a 6% growth in UVs in September 2020

The company’s overall automotive sales (Domestic+Exports) stood at 35,920 vehicles in September 2020, compared to 43,343 vehicles during September 2019.

Mumbai, October 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 September 2020.

In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 14,857 vehicles in September 2020, compared to 14,333 vehicles in September 2019, registering a growth of 4%.

In the Commercial Vehicles segment, the company sold 18,907 vehicles in September 2020, as against 18,872 vehicles in September 2019.

Exports for the month of September 2020 were at 1,569 vehicles.

The company’s overall automotive sales (Domestic+Exports) stood at 35,920 vehicles in September 2020, compared to 43,343 vehicles during September 2019.

Commenting on the performance, Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd. said, “At Mahindra, we are happy to witness a growth of 6% in Utility Vehicles. It is also encouraging to see that the enquiry and booking levels in September were significantly higher compared to the previous months, both for UVs and SCVs. With market sentiments indicating a robust festive demand across segments, both in rural and urban markets, we are positive that this festive season will augur well for us as well as the automotive industry."

Sales Summary September 2020
Category September YTD September
  F21 F20 % Change F21 F20 % Change
Passenger Vehicles 14857 14333 4% 51475 104071 -51%
Utility Vehicles 14663 13858 6% 50671 98993 -49%
Cars* + Vans 194 475 -59% 804 5078 -84%
Commercial Vehicles 18907 18872 0% 62896 101119 -38%
LCV < 3.5T 18576 17998 3% 62104 94195 -34
LCV > 3.5T 178 466 -62% 375 3929 -90%
MHCV 153 408 -63% 417 2995 -86%
3W 587 7487 -92% 1029 30670 -97%
Total Domestic Sales 34351 40692 -16% 115400 235860 -51%
Total Exports 1569 2651 -41% 6275 15399 -59%
Total Sales (Domestic + Export) 35920 43343 -17% 121675 251259 -52%
*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd

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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