You are here: Home » Companies » News
Business Standard

Mahindra & Mahindra's total sales fall 14.52% to 44,359 units in Oct

Mahindra & Mahindra (M&M) on Sunday reported a 14.52 per cent decline in total sales to 44,359 units in October.

Topics
M&M | passenger vehicle sales | commercial vehicles

Press Trust of India  |  New Delhi 

Mahindra & Mahindra
Exports dropped by 25 per cent to 2,021 units as against 2,703 units in the year-ago month.

Mahindra & Mahindra (M&M) on Sunday reported a 14.52 per cent decline in total sales to 44,359 units in October.

The company had sold 51,896 units in the same month last year, said in a statement.

In the domestic market, were up 1 per cent to 18,622 units last month compared to 18,460 units in October 2019.

In the segment, the company sold 3,118 vehicles last month in the domestic market as against 7,151 units in October 2019, a drop of 56 per cent.

Exports dropped by 25 per cent to 2,021 units as against 2,703 units in the year-ago month.

"We are happy to achieve a growth of 4 per cent 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," Chief Executive Officer, Automotive Division, Veejay Ram Nakra said.

For Mahindra, the festive season has started on a positive note with deliveries and bookings being higher than last year, he added. "Going forward, this augurs well for a robust festive demand which in turn will help the industry in the short term," Nakra said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sun, November 01 2020. 15:30 IST
RECOMMENDED FOR YOU
.