Mahindra’s Auto Sector sells 733 vehicles in the export market during April 2020

Mahindra’s Auto Sector sells 733 vehicles in the export market during April 2020

Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, today announced that the company sold 733 vehicles in the export market during April 2020. Domestic sales of vehicles during the month was completely impacted by the ongoing Covid-19 pandemic and resulting national lockdown.

Commenting on the situation, Veejay Nakra, Chief Executive Officer, Automotive Division, Mahindra & Mahindra said, “At Mahindra, we are working hand in hand with all stakeholders, especially our dealer and supplier partners, to get our ecosystem started, once the lockdown is lifted. The safety of all our employees will be of paramount importance to us while resuming our operations. We are hopeful that our dealerships will open soon and have stocks to cover the first few weeks of sale. In the export market we have sold 733 vehicles during April”.

Sales Summary April 2020

CategoryApril
F21F20% Change
Passenger Vehicles019966-100%
Utility Vehicles018848-100%
Cars* + Vans01118-100%
Commercial Vehicles017321-100%
LCV < 3.5T016284-100%
LCV > 3.5T0563-100%
MHCV0474-100%
3W*04316-100%
Total Domestic Sales041603-100%
Total Exports7332118-65%
Total Sales (Domestic + Export)73343721-98%

*Above Domestic Sales includes sales made in subsidiary company Mahindra Electric Mobility Ltd

Your thoughts, please