Mumbai, May 1, 2021: Mahindra & Mahindra Ltd. (M&M Ltd.), today announced that its overall auto sales (passenger vehicles+ commercial vehicles+ exports) for the month of April 2021 stood at 36437 vehicles.
The units sold in April this year is not comparable with April 2020, since no vehicles were sold last year in the domestic market due to COVID related lockdown.
In the Utility Vehicles segment, Mahindra sold 18186 vehicles in April 2021. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 18285 vehicles in April 2021.
According to Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd., “The month of April registered a growth of 9.5% in our passenger vehicles segment as compared to March 2021. With the increase in lockdown restrictions in many parts of the country we foresee continuing supply chain related production challenges. While demand remains good, there would be some impact in the first quarter as a result of low customer movement and dealership activity due to the lockdown restrictions. In times like these, our focus is the well-being and safety of all our associates and those of our dealers. Our customers will continue to experience unrestricted personalized as well as digital & contactless sales and service support.”
Passenger Vehicles Sales Summary (Domestic) – April 2021
*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd
Commercial Vehicles Sales Summary (Domestic) – April 2021
|LCV < 2T||1561||0||NA|
|LCV 2 T – 3.5 T||12210||0||—|
|LCV > 3.5T + MHCV||333||0||—|
|3 Wheelers (including electric 3Ws)||2043||0||—|
Exports for the month of April 2021 were at 2005 vehicles.
Exports – April 2021
Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), today announced its tractor sales numbers for April 2021.
Domestic sales in April 2021 were at 26130 units, as against 4716 units during April 2020.
Total tractor sales (Domestic + Exports) during April 2021 were at 27523 units, as against 4772 units for the same period last year.
Exports for the month stood at 1393 units.
Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 26130 tractors in the domestic market during April 2021 with a growth of 454% over last year. High growth witnessed in April 2021 is due to low base due to nationwide lockdowns in April last year. There have been disruptions in supply chain due to localised lock downs and availability of oxygen along with dealerships in few states getting closed impacting demand momentum. All agri related fundamentals continue to remain strong, with bumper rabi crop harvest and forecast of a normal monsoon. We expect that tractor demand will bounce back as farmers start preparing their land for Kharif crops in the ensuing weeks. We continue to monitor evolving Covid situation across the states with key focus on safety of our people and partners. In the exports markets, we have sold 1393 tractors, a growth of 2388% over last year and have a strong order book.”
|Farm Equipment Sector|
*Exports include CKD
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