Mahindra Auto Sector sells 35,187 vehicles in December
Auto
Registers 5% growth in Utility Vehicles
Mumbai, January 1, 2021: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 19.4 billion Mahindra Group, today announced that its overall auto sales (passenger vehicles+ commercial vehicles+ exports) for the month of December 2020 stood at 35,187 vehicles, compared to 39,230 in December 2019.
In the Utility Vehicles segment, Mahindra sold 16,050 vehicles in December 2020, compared to 15,225 vehicles in December 2019, registering a growth of 5%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 16,182 vehicles in December 2020, a growth of 3% over same period last year.
According to Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd. “At Mahindra we have witnessed a growth of 5% in Utility Vehicles in the month of December. Our overall sales have been affected due to the continuing supply chain challenges related to the constantly changing global environment, more specifically the supply shortage of micro-processors (semiconductors) used in Electronic Control Unit (ECUs). Demand continues to remain strong even after the festive season and as we get into the new year.”
Passenger Vehicles Sales Summary (Domestic) – December 2020
| Category | December | YTD December | ||||
| F21 | F20 | % Change | F21 | F20 | % Change | |
| Utility Vehicles | 16050 | 15525 | 5% | 103009 | 146164 | -30% |
| Cars + Vans | 132 | 466 | -72% | 1482 | 6695 | -78% |
| Passenger Vehicles | 16182 | 15691 | 3% | 104491 | 152859 | -32% |
*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd
Commercial Vehicles Sales Summary (Domestic) – December 2020
| Category | December | YTD December | ||||
| F21 | F20 | % Change | F21 | F20 | % Change | |
| LCV <2T | 1989 | 3511 | -43% | 19982 | 30683 | -35% |
| LCV 2 T – 3.5 T | 11400 | 11668 | -2% | 94125 | 118116 | -20% |
| LCV > 3.5T + MHCV | 541 | 839 | -36% | 2346 | 9304 | -75% |
| 3 Wheelers (including electric 3Ws) | 2865 | 5372 | -47% | 10866 | 49786 | -78% |
Exports for the month of December 2020 were at 2,210 vehicles
Exports – December 2020
| Category | December | YTD December | ||||
| F21 | F20 | % Change | F21 | F20 | % Change | |
| Total Exports | 2210 | 2149 | 3% | 12142 | 22872 | -47% |
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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