Mahindra Reports Sales Growth Of 4% in Jan 2021

Indian home grown automaker Mahindra & Mahindra reported a 4 percent increase in its sales of passenger vehicles to 20,634 units, compared with 19,797 units sold in the same month last year. Mahindra`s sales of utility vehicles rose by 5% to 20,498 units, compared to 19,455 units sold in the same month last year. However, at 136 units, passenger car sales decreased by 60 per cent compared to 342 units sold in the same month last year.

Mahindra XUV300 front
Mahindra has registered a growth of 5% in the UV segment

Commenting on the sales performance, Veejay Ram Nakra, Chief Executive Officer, Automotive Division- Mahindra & Mahindra said, “At Mahindra, we have witnessed a growth of 5 per cent in Utility Vehicles in the month of January. We have also seen strong bookings fueled by continued demand. Supply shortage of micro-processor semiconductors continues to be a serious challenge for the Auto Industry. Going forward we are working with our supplier partners to gear up our supply chain and meet the market demand.”

Mahindra recorded a 28 percent decrease in overall PV sales of 125,125 units in the period April to January compared to 172,656 units sold in the same period last year, referring to the overall sales of the company to date. In the same timeframe, the company saw a 25 percent decrease in UV sales to 123,507 units, compared to 165,619 units sold a year earlier. At 1618 units, the passenger car segment reported a decrease of 77 percent compared to 7037 units sold in the same period last year.

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