May 2021: Mahindra sold 17,447 vehicles

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Mumbai, June 1, 2021: Mahindra & Mahindra Ltd. (M&M Ltd.), today announced that its overall auto sales (passenger vehicles+ commercial vehicles+ exports) for the month of May 2021 stood at 17,447 vehicles.

In the utility vehicles segment, Mahindra sold 7,748 vehicles in May 2021. The passenger vehicles segment (including UVs, cars and vans) sold 8,004 vehicles in May 2021.

According to Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd., “We are seeing a strong growth momentum for our entire product portfolio. The Thar is clocking robust bookings, despite extended waiting periods. XUV300 has been a tremendous success and continues to see strong demand. Our power brands (Scorpio and Bolero) continue to do well. With the cases coming down and gradual opening up of markets, we foresee a strong demand rebound. We are working closely with our supplier partners to manage supply chain issues and meet the market demand.”

Passenger vehicles sales summary (Domestic) – May 2021

CategoryMayYTD May
F22F21% ChangeF22F21% Change
Utility Vehicles77483745107%259343745592%
Cars + Vans256122110%355122191%
Passenger Vehicles80043867107%262893867580%

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

Commercial Vehicles Sales Summary (Domestic) – May 2021

CategoryMayYTD May
F22F21% ChangeF22F21% Change
LCV <2T1828547234%3389547520%
LCV 2 T – 3.5 T5220457414%174304574281%
LCV > 3.5T + MHCV18849284%52149963%
3 Wheelers (including electric 3Ws)27239597%2315395836%

Exports for the month of May 2021 were at 1,935 vehicles

Exports – May 2021

CategoryMayYTD May
F22F21% ChangeF22F21% Change
Total Exports1935484300%39401217224%

Mahindra’s Farm Equipment sector sells 22,843 units in India during May 2021

Total tractor sales (domestic + exports) during May 2021 were at 24,184 units, as against 24,341 units for the same period last year

Mumbai, June 1, 2021: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 19.4 billion Mahindra Group, today announced its tractor sales numbers for May 2021, which indicate a clear growth path in the upcoming season.

Domestic sales in May 2021 were at 22,843 units, as against 24,017 units during May 2020.

Total tractor sales (domestic + exports) during May 2021 were at 24,184 units, as against 24,341 units for the same period last year.

Exports for the month stood at 1,341 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd., said, “We have sold 22,843 tractors in the domestic market during May 2021. In May, COVID spread in rural markets led to stringent lockdowns, leading to deferment of tractor purchase and limited operations at dealerships. While state-specific lockdowns and localised restrictions continue, it is heartening to see the Covid cases reducing sharply. This is leading to a sharp improvement in farmer sentiments, and green shoots of recovery are visible, especially since the last week, as farmers start preparing their land for the upcoming Kharif crop season. A bumper Rabi harvest, record procurement, food prices holding up, gradual opening up of mandis and expectations of a normal monsoon will pave the way for growth in the upcoming season. In the exports market, we have sold 1,341 tractors with a growth of 314 per cent over last year.”

Farm Equipment Sector (FD+SD+Gromax)
MayCumulative May
F22F21%ChangeF22F21%Change
Domestic2284324017-5%489732873370%
Exports1341324314%2734380619%
Total2418424341-1%517072911378%

*Exports include CKD

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