Car Sales October 2020: Mahindra Sales Picks Up Pace Ahead Of Festive Season
Highlights
Mahindra's overall auto sales (passenger vehicles+ commercial vehicles+ exports) for the month of October 2020 stood at 44,359 vehicles, compared to 51,896 in October 2019. While there has been a year on year de-growth, the company has seen a rise in sales numbers compared to August 2020 (30,426 units) and September 2020 (34,351 units).
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In the Utility Vehicles segment, Mahindra sold 18,317 vehicles in October 2020, compared to 17,785 vehicles in October 2019, registering a growth of 3 per cent. The Passenger vehicle segment (which includes UVs, Cars and Vans) sold 18,622 vehicles in October 2020, a marginal growth over the same period last year.
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Commenting on the passenger vehicle sales performance, Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd. said, "We are happy to achieve a growth of 4% in Utility Vehicles, despite certain supply constraints. Our brands Scorpio, Bolero and XUV 300 continue to do well, while the bookings for the All-New Thar has set new records within just a month of its launch. For Mahindra, the festive season has started on a positive note with deliveries and bookings being higher than last year. Going forward, this augurs well for a robust festive demand which in turn will help the industry in the short term."
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