Auto Sales 2021: Mahindra UV gross sales up 8 % in November

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Mahindra has registered a progress of 8 per cent within the UV phase.

Mahindra & Mahindra reported 8 per cent year-on-year (YoY) gross sales progress within the utility autos phase at 19,384 items as in comparison with 17,971 items offered in the identical month final 12 months. The firm offered simply 74 items of passenger automobiles + vans, a drop of 69 per cent. The Passenger Vehicle phase (SUV + Car) registered a progress of seven per cent in gross sales at 19,458 items as in comparison with 18,212 items offered a 12 months in the past. Overall, the corporate registered a progress of 8 per cent in gross sales at 40,802 items together with each passenger autos and business autos.

Read additionally: 2022 Mahindra Scorpio Spotted Testing; Spy photographs reveal new particulars

Mahindra says that demand stays sturdy throughout our product portfolio of SUVs.

According to Vijay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd., “Our progress in SUVs continues with a progress of 8 per cent within the month of November. Demand throughout our product portfolio of SUVs, pickups and small business stays sturdy. Vehicles. Exports proceed to develop at 90% tempo. Semi-conductor associated elements points proceed to be a problem for the business. We are carefully monitoring the scenario and taking applicable steps.”

Read additionally: Mahindra Finance launches car leasing and subscription model ‘Quicklys’

Mahindra can be going through manufacturing drawback attributable to semiconductor drawback.

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On a year-on-year (YTD) foundation within the interval March 2021 – November 2021, gross sales of utility autos grew by 51 per cent at 1,31,434 items as in comparison with 86,959 items offered a 12 months in the past. Car + Van phase registered a progress of 12 per cent at 1509 items as in comparison with 1350 items offered a 12 months in the past. Overall, the passenger car phase additionally witnessed a progress of 51 per cent in gross sales at 1,32,943 items as in comparison with 88,309 items offered a 12 months in the past.

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