Mahindra Automobiles
Mahindra Auto Sector January 2021 sales down by 25.49 pc to 39,149 vehicles
Mumbai/UNI: Auto major, Mahindra & Mahindra Ltd. (M&M ) on Monday reported a decline of 25.49 pc in its overall auto sales (passenger vehicles+ commercial vehicles+ exports) for the month of January 2021 stood at 39,149 vehicles, compared to 52,546 in January 2020.
In the Utility Vehicles segment, Mahindra sold 20,498 vehicles in January 2021, compared to 19,455 vehicles in January 2020, registering a growth of 5 pc.
The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 20,634 vehicles in January 2021, a growth of 4 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 for 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."
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
