Mahindra’s Auto, Tractor sales soar In October

Mahindra’s Auto, Tractor sales soar In October

Mahindra & Mahindra’s auto segment posted an overall sales of 41,908 units in October, a rise of 49% over September.
M&M’s passenger car sales too rose 53% over September to 20,130 units in October.
The Farm Equipment segment sales also soared as the tractor sales rose 16% over the preceding month to 47,017 units in October.
However, the car maker reported 5% 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.

Last month, the company’s passenger vehicle sales in the domestic market stood at 20,130 units, up 8% from 18,622 units in the year-ago period.
Domestic commercial vehicle sales fell to 18,604 units last month from 23,716 units in October 2020.
Exports rose to 3,174 units last month, up 57% from 2,021 units in October 2020.
The supply chain issues around semiconductor related parts continues to be dynamic as the company focuses on managing the situation in the short term.

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