Mahindra passenger vehicle sales up 17% pc in August
- ByStartupStory | September 1, 2021
Mahindra passenger vehicle sales rose by 17 percent i.e., by 15,973 units in August as compared to the same month last year. The company had sold 13,651 units in August 2020, M&M said in a statement. In the commercial vehicles segment, the company sold 11,432 vehicles in the domestic market last month, as against 15,606 units in the same month last year, a drop of 27 percent. Exports increased to 3,180 units last month as against 1,169 units in the year-ago month.
“Demand across our product portfolio continues to remain strong with Thar, XUV 300 and our recently launched Bolero Neo and our Bolero Pik-up range clocking in impressive booking numbers. Growth momentum in exports continued with sales of 3,180 vehicles, registering an increase of 172 percent,” said M&M Chief Executive Officer Automotive Division Veejay Nakra. Supply of semiconductors continues to be a global issue for the auto industry and has been a major area of focus for the company as well, he further added.
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