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Mahindra PV sales up 8% amid chip crunch, tractors drop 17% in November

Firm says demand remains strong across product portfolio; momentum in exports continues with 90% growth

Mahindra
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(Photo: Reuters)

BS Reporter Mumbai
Passenger Vehicle sales at Mahindra & Mahindra rose 8 per cent year-on-year in November, even as production remained affected due to the chip shortage, the company said in a statement on Wednesday. The maker of Scorpio and Thar models sold 19,384 units during the month against 17,971 units in the same month last year.

“The demand remains strong across our product portfolio of SUVs, pickups, and small commercial vehicles. Momentum in exports continues with a 90 per cent growth. The issues around semiconductor related parts continue to remain a challenge for the industry. We are monitoring the situation closely and taking