Mahindra’s sales for tractors remain higher than auto for the month of May
The company sells 24,341 tractors while records auto sale of 9,560 units
Mahindra & Mahindra has reported auto sales performance for the month of May 2020. In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 3,867 vehicles in May 2020, compared to 20,608 vehicles in May 2019. In the Commercial Vehicles segment, the company sold 5,170 vehicles in May 2020, as against 17,879 vehicles in May 2019. Exports for the month of May 2020 were 484 vehicles. The company’s overall automotive sales (Domestic + Exports) stood at 9,560 vehicles in May 2020, compared to 45,421 vehicles during May 2019.
The company’s farm equipment sector (FES) sold 24,017 tractors in the domestic market as against 23,539 units during May 2019. Total tractor sales (Domestic + Exports) during May 2020 were at 24,341 units, as against 24,704 units for the same period last year. Exports for the month stood at 324 units.