February 2020 sales: Mahindra down 42%

Representational Purpose

Mahindra & Mahindra sold a total of 32,476 vehicles (Domestic + Exports) in February 2020, registering a decline of 42% compared to 56,005 vehicles sold during the same period in 2019. In the Passenger Vehicles segment (which includes UVs, Cars and Vans), the company sold 10,938 vehicles in February 2020, compared to 26,109 vehicles in February 2019.

Mahindra-February-2020-sales*Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd

In the Medium and Heavy Commercial Vehicles segment, Mahindra sold 436 vehicles for the month. Exports for February 2020 stood at 1,839 vehicles, a decline of 40% compared to 3,090 units in February 2019.

The ramp-down of BS4 vehicle production has been in line with our plan for February. However, because of the unforeseeable challenges on the parts-supply from China, our BS6 ramp-up has been affected. This has resulted in a high de-growth in our billing volume for February and our dealer inventory is, now, under 10 days. Going into March, we anticipate the challenge on parts-supply to continue for another few weeks, before we get back to normalcy. – Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M

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