Mahindra & Mahindra Sales Down 10% To 35,187 Units In December

Mahindra & Mahindra has 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 the same period last year.

Exports for the month of December 2020 were at 2,210 vehicles

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.”

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES)

Domestic sales in December 2020 were at 21,173 units, as against 17,213 units during December 2019.

Total tractor sales (Domestic + Exports) during December 2020 were at 22,417 units, as against 17,991 units for the same period last year.

Exports for the month stood at 1,244 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 21,173 tractors in the domestic market during December 2020 with a growth of 23% over last year. The wholesale volumes continued to be strong fueled by restoration of channel inventory post the festive season, announcement of hike in tractor prices by major OEMs and anticipation of sustained demand on the back of higher Rabi acreage, GoI support in Kharif procurement & rural development schemes. In the exports market, we have sold 1,244 tractors, a growth of 60% over last year.”