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Mahindra total sales dip over 11 per cent in February
<p style="text-align: center;"><img title="1614664510127158.jpg" alt="9.jpg" src="/ueditor/php/upload/image/20210302/1614664510127158.jpg"/></p><p>Mahindra &amp; Mahindra (M&amp;M) on Monday reported an 11.38 per cent decline in total sales at 28,777 units in February.<br/><br/>The company had sold 32,476 units in February 2020, M&amp;M said in a statement.<br/><br/>Passenger vehicles&nbsp;sales increased by 41 per cent to 15,391 units last month, as compared with 10,938 units in the year-ago period.</p><p><br/></p><p>In the&nbsp;commercial vehicles&nbsp;segment, the company sold 11,559 vehicles in the domestic market last month, as against 19,699 units in February 2020, a drop of 70.42 per cent.<br/><br/>Exports declined by 1 per cent to 1,827 units last month, as against 1,839 units in the year-ago month.<br/><br/>&quot;Demand continues to remain buoyant for our range of&nbsp;SUVs&nbsp;and&nbsp;Pick-ups&nbsp;and we have a robust order pipeline. However, supply of semiconductors, as we all know, is a global issue and it is likely to continue for another 3 to 4 months,&quot; M&amp;M Chief Executive Officer Automotive Division Veejay Nakra said.<br/><br/>Going forward, the company will continue to monitor the situation and closely work with its suppliers to minimise this supply risk, he added.</p>
02 Mar,2021
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