Mahindra’s Auto Sector sells

Mahindra’s Auto Sector sells 30,426 vehicles in August 2020

Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 19.4 billion Mahindra Group, today announced its auto sales performance for the month of August 2020.

In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 13,651 vehicles in August 2020, compared to 13,507 vehicles in August 2019, registering a marginal growth of 1%.

In the Commercial Vehicles segment, the company sold 15,299 vehicles in August 2020, as against 14,684 vehicles in August 2019, a growth of 4%.

Exports for the month of August 2020 were at 1,169 vehicles.

The company’s overall automotive sales (Domestic+Exports) stood at 30,426 vehicles in August 2020, compared to 36,085 vehicles during August 2019.

Commenting on the performance, Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd. said, “At Mahindra, we continue to see good recovery in demand both for SUVs and Pick-ups in the Small Commercial Vehicles segment. For the month of August, we have registered growth in both SUVs and Pick-ups. We have been able to meet the uplift in demand by managing the supply chain challenges and going forward will continue to keep our focus on it.”

Sales Summary August 2020

Category	August			YTD August
	F21	F20	% Change	F21	F20	% Change
Passenger Vehicles	13651	13507	1%	36618	89738	-59%
Utility Vehicles	13407	13037	3%	36008	85135	-58%
Cars* + Vans	244	470	-48%	610	4603	-87%
Commercial Vehicles	15299	14684	4%	43989	82247	-47%
LCV < 3.5T	15097	13855	9%	43528	76197	-43%
LCV > 3.5T	98	475	-79%	197	3463	-94%
MHCV	104	354	-71%	264	2587	-90%
3W	307	5373	-94%	442	23183	-98%
Total Domestic Sales	29257	33564	-13%	81049	195168	-58%
Total Exports	1169	2521	-54%	4706	12748	-63%
Total Sales (Domestic + Export)	30426	36085	-16%	85755	207916	-59%

Mahindra’s Farm Equipment Sector Sells 23,503 Units in India during

August 2020

Witnesses a growth of 69%

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 August 2020.

Domestic sales in August 2020 were at 23,503 units, as against 13,871 units during August 2019.

Total tractor sales (Domestic + Exports) during August 2020 were at 24,458 units, as against 14,817 units for the same period last year.

Exports for the month stood at 955 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 23,503 tractors in the domestic market during August 2020, a growth of 69% over last year. On the back of highest ever sales in July, we have clocked yet another highest ever sales in August. 

The Tractor industry growth continues to remain strong in August. This is primarily on account of continued positive sentiment, due to increase in Kharif sowing area, thereby indicating a bumper harvest, bountiful monsoon, good rural cash flows and base effect. We expect rural sentiments to remain positive and translate into robust tractor demand as we move into the festive period. In the exports market, we have sold 955 tractors, a growth of 1% over last year.”

Farm Equipment Sector (FD+SD+Gromax)
	August			Cumulative August
	F20	F21	%Change	F20	F21	%Change
Domestic	13871	23503	69%	115958	112543	-3%
Exports	946	955	1%	5201	2974	-43%
Total	14817	24458	65%	121159	115517	-5%