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Mahindra Auto Sector sells 35,187 vehicles in December 2020
Posted On: 2020-12-31 23:05:38 (Time Zone: Arizona, USA)
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 g
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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. “
Sequentially, the auto sales jumped 7.52% in December 2020 compared with 32,726 units in November 2020.
Domestic passenger vehicle sales in December 2020 stood at 16,182 units as against 15,691 units during December 2019, registering a gain of 3% Y-o-Y (year-on-year). Export for December 2020 stood at 2,210 units, recording a 3% growth over 2,149 units exported in the same month last year.
Veejay Nakra, the Chief Executive Officer, Automotive Division of M&M, said that: 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 Auto Sector December 2020 sale at 35,187 Units
Mahindra Auto Sector December 2020 sale at 35,187 Units
Mumbai, Jan 1: Mahindra & Mahindra. (M&M),on Friday reported 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 pc The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 16,182 vehicles in December 2020, a growth of 3 pc 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 pc 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 shor