As expected, the coronavirus pandemic has taken a massive toll on auto sales across the globe. Mahindra & Mahindra (M&M) sold a total of 7,401 vehicles (Domestic + Exports) in March 2020, registering a decline of 88% compared to 62,952 vehicles sold in March 2019. The FY-20 sales stood at 4,76,043 vehicles, compared to 6,08,596 vehicles during FY-19.
*Above domestic sales includes sales made in subsidiary company Mahindra Electric Mobility Ltd
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. As for the Commercial Vehicles segment, the company sold 2,325 vehicles in March 2020, as against 24,423 vehicles in March 2019.
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 BS6 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 BS4 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. – Veejay Ram Nakra, CEO, Automotive Division, M&M Ltd.
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