MUMBAI, India: Mahindra & Mahindra Ltd. (M&M) has reported that its auto sector sales stood at 52,546 vehicles during January 2020, while Mahindra’s farm equipment sector sold 23,116 units in India during January 2020.
In the passenger vehicles segment (which includes UVs, cars and vans), Mahindra sold 19,797 vehicles in January 2020, compared to 23,872 vehicles in January 2019.
In the commercial vehicles segment, the company sold 22,851 vehicles in January 2020, as against 22,625 vehicles in January 2019.
In the medium and heavy commercial vehicles segment, Mahindra sold 471 vehicles for the month. Exports for January 2020 stood at 1,761 vehicles.
The company’s overall automotive sales (domestic and exports) stood at 52,546 vehicles in January 2020, compared to 55,722 vehicles during January 2019.
Commenting on the performance, Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd. said, “Our performance in January has been relatively muted as part of our strategy to start ramping down BSIV manufactured vehicles and move to BSVI emission norms. We have also started rolling out our first batch of BSVI vehicles with the XUV300, which has been very well received by our consumers.”
Mahindra’s Farm Equipment Sector (FES) reported its tractor sales numbers for January 2020. Domestic sales in January 2020 were at 22,329 units, as against 20,948 units during January 2019. Total tractor sales (domestic + exports) during January 2020 were at 23,116 units, as against 22,212 units for the same period last year. Exports for the month stood at 787 units.
Commenting on the performance, Rajesh Jejurikar, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 22329 tractors in the domestic market during January 2020 with a growth of 7% over last year. The tractor demand is likely to see positive momentum, led by the expectations of a good Rabi output & the Government’s renewed focus on rural sector through higher allocation as announced in the Union budget. In the exports market, we have sold 787 tractor.”
Edited by Javed Mirza