M&M Registers Growth in Utility Vehicles

Mumbai, India – Mahindra & Mahindra Ltd (M&M Ltd), a part of the Mahindra Group, sold 44,359 vehicles (passenger and commercial vehicles and exports) for October 2020.  It sold 18,317 Utility Vehicles in October 2020, compared to 17,785 vehicles in October 2019, registering a growth of 3 percent. In addition, the company sold 18,622 Passenger vehicles which include UVs, Cars and Vans, in October 2020, a marginal rise over the same period last year.

Commenting on the passenger vehicles' performance, Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd, expressed, “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.”

Elaborating further on pick-ups and commercial vehicles performance, he added, “We are witnessing a strong demand for our Bolero Pik Up, Supro and Jeeto and have recently launched our BS6 version of the Alfa 3-wheeler, both load and passenger. We are aligning our supply chain and ramping up to meet this demand.”

Image Source: Mahindra & Mahindra Ltd

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