Mahindra sold 8,075 passenger vehicle units in India in June 2020, and exported 853 units. This is 55% drop in sales when compared to June 2019.
In the Commercial Vehicles segment, the company sold 10,417 vehicles in June 2020, as against 16,394 vehicles in June 2019.
The company’s overall automotive sales stood at 19,358 vehicles in June 2020, as compared to 42,547 vehicles during June 2019.
The April lockdown in India due to the Coronavirus (COVID-19) pandemic had brought car sales in the country to a standstill as production facilities and dealerships had temporarily halted operations. With relaxed norms in May and June, car manufacturers have gradually resumed operations. The sales for the new cars across segments is expected to gradually improve in the months to come.
Veejay Nakra, Chief Executive Officer of the Automotive Division at Mahindra and Mahindra Ltd. said, “The automotive industry has started to see recovery both in the passenger and small commercial vehicle segments. This has been led primarily by rising rural demand and movement of essential goods across the country. Our key brands such as Bolero, Scorpio and Pik-Ups, are all seeing good traction. Managing the supply chain will be our key focus area as we ramp up production to meet this increased demand.”