Comments
Mahindra & Mahindra (M&M) on Wednesday reported a 17 per cent increase in domestic passenger vehicle sales at 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 per cent.
Exports rise
Exports increased to 3,180 units last month as against 1,169 units in the year-ago month.
Also read: Tech Mahindra launches dedicated Google Cloud business unit
“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 per cent,” M&M Chief Executive Officer Automotive Division Veejay Nakra said.
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 added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.