Mumbai, February 1, 2020: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, today announced its auto sales performance for January 2020.
In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 19,797 vehicles in January 2020, compared to 23,872 vehicles in January 2019.
In the Commercial Vehicles segment, the company sold 22,851 vehicles in January 2020, as against 22,625 vehicles in January 2019.
In the Medium and Heavy Commercial Vehicles segment, Mahindra sold 471 vehicles for the month. Exports for January 2020 stood at 1,761 vehicles.
The company’s overall automotive sales (Domestic + Exports) stood at 52,546 vehicles in January 2020, compared to 55,722 vehicles during January 2019.
Commenting on the performance, Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd. said, "Our performance in January has been relatively muted as part of our strategy to start ramping down BSIV manufactured vehicles and move to BSVI emission norms. We have also started rolling out our first batch of BSVI vehicles with the XUV300, which has been very well received by our consumers."
|Sales Summary January 2020|
|F20||F19||% Change||F20||F19||% Change|
|Cars* + Vans||342||1609||-79%||7037||15734||-55%|
|LCV < 3.5T||21835||21035||4%||170634||187234||-9%|
|LCV > 3.5T||545||741||-26%||5663||6555||-14%|
|Total Domestic Sales||50785||52500||-3%||411533||458074||-10%|
|Total Sales (Domestic + Export)||52546||55722||-6%||436166||489639||-11%|
The Mahindra Group is a USD 20.7 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 2,40,000 people across 100 countries.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise
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Vice President (Communications)
Mahindra & Mahindra Ltd.
Landline – + 91 22 28468510
Email - [email protected]