Mahindra & Mahindra Ltd. (M&M) sold a total of 24,211 vehicles in the domestic market in July 2020, registering a decline of 35% compared to 37,474 units sold during the same period last year. The exports of 1,467 units saw a decline of 45% last month compared to 2,668 units during July 2019.
In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 11,025 vehicles in July 2020 — a decline of 34% compared to 16,831 vehicles sold in July 2019. In the Commercial Vehicles segment, the company sold 13,103 vehicles last month, as against 15,969 vehicles in July 2019.
We are happy to see a growing trend in our overall vehicle sales, buoyed by the continuing revival in demand, primarily in rural and semi-urban India. It is encouraging to see that the enquiry and booking levels in July are significantly higher compared to June, both for Utility Vehicles and Small Commercial Vehicles. As we ramp up production, the biggest challenge is on the supply side and working around these challenges is our top priority. – Veejay Nakra, CEO, Automotive Division, M&M
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