Mahindra & Mahindra Ltd. (M&M) sold a total of 19,358 vehicles (Domestic + Exports) in June 2020, registering a decline of 55% compared to 42,547 vehicles sold during the same period in 2019.
In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 8,075 vehicles in June 2020, compared to 18,826 vehicles in June 2019. In the Commercial Vehicles segment, the company sold 10,417 vehicles last month, as against 16,394 vehicles sold in June 2019.
The above sales report includes sales made in the subsidiary company Mahindra Electric Mobility Ltd.
M&M exported 853 vehicles in June 2020.
The automotive industry has started to see recovery both in the passenger and small commercial vehicle segments. This has been led primarily by rising rural demand and movement of essential goods across the country. Our key brands such as Bolero, Scorpio and Pik-Ups, are all seeing good traction. Managing the supply chain will be our key focus area as we ramp up production to meet this increased demand. – Veejay Nakra, CEO, Automotive Division, M&M
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