HomeAutomobileMahindra Reports 42 Per Cent Sales Decline in February, 32,476 Units Sold

Mahindra Reports 42 Per Cent Sales Decline in February, 32,476 Units Sold

Mahindra bought 10,938 passenger autos in February this 12 months as towards 26,109 autos in the identical month final 12 months, a decline of 58 per cent.

Auto main Mahindra and Mahindra (M&M) on Sunday reported a 42 % decline in complete gross sales at 32,476 items in February. The firm had bought 56,005 items in the identical month final 12 months, M&M mentioned in an announcement.

In the home market, gross sales have been down 42 % to 30,637 items final month as in contrast with 52,915 items in February 2019. Exports dropped 40 % to 1,839 items as in contrast with 3,090 items within the year-ago month.

In the passenger autos section, which incorporates utility autos, automobiles, and vans, M&M bought 10,938 autos in February this 12 months as towards 26,109 autos in the identical month final 12 months, a decline of 58 %. Commercial automobile gross sales fell 25 % to 15,856 items as towards 21,154 items a 12 months in the past.

In the medium and heavy business autos section, M&M bought 436 autos through the month as towards 686 items within the year-ago month.

“The ramp-down of BS-IV vehicle production has been in line with our plan for February. However, because of the unforeseeable challenges on the parts-supply from China, our BS-VI ramp-up has been affected,” Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd mentioned.

This has resulted in a excessive de-growth in billing quantity for February and vendor stock is now below 10 days, he mentioned. “Going into March, we anticipate the challenge on parts-supply to continue for another few weeks, before we get back to normalcy,” he added.

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Jyotihttp://www.reviewtechauto.com
Hi Folks. I am Jyoti, pursuing my passion to write content on Technology and Automobiles. I am a B.Tech (IT) graduate who loves to write content on different niche. Being passionate since college days, I took it as my full-time career. I started this blog to deliver unbiased reviews to the readers and let them choose the right product based on their reviews. If you want to contact me, you can drop your mail at [email protected]
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