May 16, 2021

Mahindra whole gross sales dip 10 per cent in December

NEW DELHI: Mahindra & Mahindra (M&M) on Friday reported a 10.three per cent decline in whole gross sales at 35,187 models in December, 2020.

The corporate had bought 39,230 models in December 2019, M&M stated in a press release.

Within the home market, passenger car gross sales have been up three per cent to 16,182 models final month, in comparison with 15,691 models in December 2019.

Within the business autos section, the corporate bought 16,795 autos within the home market final month, as towards 21,390 models in December 2019, a drop of 21.48 per cent.

Exports elevated by three per cent to 2,210 models in December 2020, as towards 2,149 models within the year-ago month.

“Our total gross sales have been affected because of the persevering with provide chain challenges associated to the always altering world setting, extra particularly the availability scarcity of micro-processors (semiconductors) utilized in digital management models (ECUs),” M&M Chief Govt Officer Automotive Division Veejay Nakra stated.

Demand continues to stay sturdy even after the festive season and because the firm will get into the brand new yr, he added.