Mahindra & Mahindra Ltd. (M&M) sold a total of 9,560 vehicles (domestic + exports) in May 2020, registering a decline of 79% compared to 45,421 vehicles sold during May 2019.
In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 3,867 vehicles in May 2020, compared to 20,608 vehicles in May 2019.
Above domestic sales includes sales made in subsidiary company Mahindra Electric Mobility Ltd
In the Commercial Vehicles segment, the company sold 5,170 vehicles in May 2020, as against 17,879 vehicles sold during the same period last year.
M&M exported 484 vehicles in May 2020.
Our performance during May has been muted, due to the challenges the industry is facing. We have opened 70% of our dealerships and retail sales have begun. We are seeing initial traction for our small commercial vehicles and SUV brands such as the Bolero and Scorpio. As new lockdown norms are being announced we are hopeful of demand gaining traction in the coming months. – Veejay Nakra, CEO, Automotive Division, M&M
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