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Mahindra’s Auto Sector sells 4,76,043 vehicles in FY-20

Veejay Ram Nakra, CEO, Automotive Division,
M&M Ltd

Sells 7,401 vehicles in March 2020

Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, today announced its auto sales performance for the financial year ended March 31, 2020, which stood at 4,76,043 vehicles, compared to 6,08,596 vehicles during FY-19.

For the month of March 2020 the company sold 7,401 vehicles (Domestic + Exports), as against 62,952 vehicles in March, 2019.

In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 3,384 vehicles in March 2020, compared to 27,646 vehicles in March 2019.

In the Commercial Vehicles segment, the company sold 2,325 vehicles in March 2020, as against 24,423 vehicles in March 2019.

Exports for March 2020 stood at 1,271 vehicles.

Commenting on the performance, Veejay Ram Nakra, Chief Executive Officer, Automotive Division, M&M Ltd. said, “Our performance in March has been muted on account of the impact of the current lock-down related to Covid-19 and the disruption in our BS VI ramp-up plan. The latter was planned between February and March but was affected due to the challenges of parts supply from global and local suppliers. We have been able to clear our BS IV inventory, but for fewer than 100 vehicles. However, there are many vehicles that are sold, but not yet registered because of the closure of RTOs.”

Sales Summary March 2020

Category                     March YTD March

                                     F20     F19      % Change        F20      F19      % Change

Passenger Vehicles      3384    27646 -88%           186978     254701            -27%

Utility Vehicles           3111    25801 -88%           179405     235362            -24%

Cars* + Vans                273    1845    -85%               7573       19339            -61%

Commer Vehicles 2325    24423 -90%           199135     248601            -20%

LCV < 3.5T                2234    22471 -90%           187859     229352            -18%

LCV > 3.5T                   87     1035    -92%               6179         8411            -27%

MHCV                            4     917      -100%             5097     10838             -53%

3W                                421    6943    -94%             62187      66699             -7%

Total Domestic Sales 6130    59012 -90%           448300     570001            -21%

Total Exports              1271    3940    -68%             27743      38595             -28%

Total Sales Dom + Exp7401   62952 -88%           476043     608596            -22%






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