Mumbai, November 1, 2020: Mahindra & Mahindra Ltd. (M&M Ltd.), today announced that its overall auto sales (passenger vehicles+ commercial vehicles+ exports) for the month of October 2020 stood at 44,359 vehicles, compared to 51,896 in October 2019.

In the Utility Vehicles segment, Mahindra sold 18,317 vehicles in October 2020, compared to 17,785 vehicles in October 2019, registering a growth of 3%. The Passenger vehicle segment (which includes UVs, Cars and Vans) sold 18,622 vehicles in October 2020, a marginal growth over same period last year.

Commenting on the Passenger Vehicles performanceVeejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd. said, “We are happy to achieve a growth of 4% in Utility Vehicles, despite certain supply constraints. Our brands Scorpio, Bolero and XUV 300 continue to do well, while the bookings for the All-New Thar has set new records within just a month of its launch. For Mahindra, the festive season has started on a positive note with deliveries and bookings being higher than last year. Going forward, this augurs well for a robust festive demand which in turn will help the industry in the short term.”

Passenger Vehicles Sales Summary (Domestic) – October 2020

CategoryOctoberYTD October
F21F20% ChangeF21F20% Change
Utility Vehicles18317177853%68988116778-41%
Cars*+ Vans305675-55%11095753-81%
Passenger Vehicles18622184601%70097122531-43%

*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd

Elaborating further on Pick-Ups and Commercial Vehicles performance, Mr. Nakra said, “We are witnessing a strong demand for our Bolero Pik Up, Supro and Jeeto and have recently launched our BS6 version of the Alfa 3-wheeler, both load and passenger. We are aligning our supply chain and ramping up to meet this demand.”

Commercial Vehicles Sales Summary (Domestic) – October 2020

CategoryOctoberYTD October
F21F20% ChangeF21F20% Change
LCV < 2T41654253-2%1423824023-41%
LCV 2 T – 3.5 T1589518472-14%6792692897-27%
LCV > 3.5T + MHCV538857-37%13307781-83%
3 Wheelers (including electric 3Ws)31187151-56%414737821-89%

Exports for the month of October 2020 were at 2,021 vehicles

Exports – October 2020

CategoryOctoberYTD October
F21F20% ChangeF21F20% Change
Total Exports20212703-25%829618102-54%

NC

Ka-Chow!