Mahindra sees 5% fall in October wholesales at 41,908 units
08 Nov 2021
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Utility vehicles maker Mahindra & Mahindra Ltd on Monday reported a 5 per cent year-on-year decline in total wholesales at 41,908 units in October. The company had dispatched a total of 44,359 units in October 2020.
The company’s overall passenger vehicle sales in the domestic market stood at 20,130 units, up 8 per cent from 18,622 units in the year-ago period.
Utility vehicle sales recorded a growth of 9 per cent while car and van sales dipped 69 per cent in October 2021. Mahindra has noted unprecedented response for the recently launched XUV700. The company said amidst supply chain constraints related to semi-conductor parts, it is making every effort to ensure that production is not hampered and deliveries are on track.
Mahindra noted that domestic sales of passenger vehicles saw increased demand for utility vehicles over cars and vans. Sales of the more popular Thar, Scorpio, Bolero and XUV700 stood at 20,034 units in October 2021, up 9 per cent over 18,317 units sold in October 2020. Bookings of Mahindra Thar recently crossed the 75,000 unit mark, extending the waiting period for the Thar from around two months to almost a year, depending on variant. YTD sales in this segment increased 62 per cent to 1,12,050 units during the period April to October 2021, up from 68,988 units sold in the same period of 2020.
Domestic commercial vehicle sales fell to 18,604 units last month from 23,716 units in October 2020. LCV sales in the sub 2 tonne segment registered a 24 per cent YoY decline to 3,175 units from 4,165 units sold in October 2020. There was, however, a 14 per cent YTD growth to 16,270 units from 14,238 units sold in the April-October 2020 period.
In the 2 tonne to 3.5 tonne segment, sales dipped 30 per cent YoY in October 2021 to 11,178 units from 15,895 units sold in October 2020. There was also a 3 per cent YTD decrease to 65,600 units from 67,926 units sold in the same period of the previous year. LCV sales in the 3.5 tonne segment along with MHCV sales increased 35 per cent to 724 units in the past month, up from 538 units sold in October 2020. YTD sales increased 142 per cent to 3,216 per cent over 1,330 units sold in the same period of 2020.
Exports rose to 3,174 units in October 2021, up 57 per cent from 2,021 units in October 2020. Total exports increased 57 per cent YoY to 3,174 units in October 2021 over 2,021 units sold in October 2020. YTD exports saw a 112 per cent growth to 17,553 units in the April to October 2021 period over 8,296 units sold in the same period of 2020.
"Demand for vehicles across our product portfolio remains robust. We have received an unprecedented response for XUV700 and as per our commitment, we have commenced deliveries of the petrol variant to customers,” Mahindra & Mahindra CEO Automotive Division Veejay Nakra said in a statement.
The supply chain issues around semiconductor related parts continue to be dynamic as the company focuses on managing the situation in the short term, he added.
Three wheeler sales, which also included the company’s electric range, increased 13 per cent YoY to 3,527 units, up from 3,118 units sold in October 2020. YTD sales surged 245 per cent to 14,321 units in the April-October 2021 period over 4,147 units sold in same period of the previous year.
