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M&M auto sales decline 11% YoY in Feb | Business Standard News


Mahindra & Mahindra (M&M) announced that its total auto sales decline by 11.4% to 28,777 vehicles in February 2021 from 32,476 in February 2020.
Sequentially, the company s auto sales have decreased 26.5% in February 2021 from 39,149 units sold in January 2021.
In the utility vehicles (UVs) segment, Mahindra sold 15,380 vehicles in February 2021, compared to 10,675 vehicles in February 2020, registering a growth of 44%. The passenger vehicles segment (which includes UVs, cars and vans) sold 15,391 vehicles in February 2021, a growth of 41% over same period last year.
Exports for the month of February 2021 were at 1,827 vehicles, down by 1% from 1,839 vehicles sold in the same period last year.
According to Veejay Nakra, chief executive officer, automotive division, M&M, At Mahindra we have witnessed a growth of 44% in UVs for the month of February, 2021. Demand continues to remain buoyant for our range of SUVs and Pick-ups and we have a robust order pipeline. Howe ....

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Mahindra's Farm Equipment Sector Sells 27,170 Units in India during February 2021


Mahindra s Farm Equipment Sector Sells 27,170 Units in India during February 2021
Posted On:
2021-03-01 00:21:14
(Time Zone: Arizona, USA)
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 February 2021.
Domestic sales in February 2021 were at 27,170 units, as against 21,877 units during February 2020.
Total tractor sales (Domestic + Exports) during February 2021 were at 28,146 units, as against 22,561 units for the same period last year.
Exports for the month stood at 976 units.
Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, We have sold 27,170 tractors in the domestic market during February 2021 with a growth of 24% over last year. Tractor demand continues to be robust with Rabi sowing at an all-time high, supported by healthy reservoir levels and higher liquidity with farmers, on ....

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