NE BUSINESS BUREAU
MUMBAI, MAR 2
Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 19.4 billion Mahindra Group, today announced its tractor sales numbers for February 2021, said a release.
Domestic sales in February 2021 were at 27,170 units, as against 21,877 units during February 2020.
Total tractor sales (Domestic + Exports) during February 2021 were at 28,146 units, as against 22,561 units for the same period last year.
Exports for the month stood at 976 units.
Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 27,170 tractors in the domestic market during February 2021 with a growth of 24% over last year. Tractor demand continues to be robust with Rabi sowing at an all-time high, supported by healthy reservoir levels and higher liquidity with farmers, on account of timely and robust procurement of Kharif crops. The outlook for the industry continues to be positive given the all-time high estimates of Rabi production and strong rural cash flows. In the exports market, we have sold 976 tractors, a growth of 43% over last year.”
| Farm Equipment Sector (FD+SD+Gromax) | ||||||
| February | Cumulative February | |||||
| F20 | F21 | %Change | F20 | F21 | %Change | |
| Domestic | 21877 | 27170 | 24% | 278483 | 314016 | 13% |
| Exports | 684 | 976 | 43% | 9819 | 9512 | -3% |
| Total | 22561 | 28146 | 25% | 288302 | 323528 | 12.2% |
*Exports include CKD
Auto Sector sells 28,777 vehicles in February; Registers 44% growth in Utility Vehicles
Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 19.4 billion Mahindra Group, today announced that its overall auto sales (passenger vehicles+ commercial vehicles+ exports) for the month of February 2021 stood at 28,777 vehicles, compared to 32,476 in February 2020.
In the Utility Vehicles segment, Mahindra sold 15,380 vehicles in February 2021, compared to 10,675 vehicles in February 2020, registering a growth of 44%. The Passenger Vehicles segment (which includes UVs, Cars and Vans) sold 15,391 vehicles in February 2021, a growth of 41% over same period last year.
According to Veejay Nakra, Chief Executive Officer, Automotive Division, M&M Ltd., “At Mahindra we have witnessed a growth of 44% in UVs for the month of February, 2021. Demand continues to remain buoyant for our range of SUVs and Pick-ups and we have a robust order pipeline. However, supply of semi-conductors, as we all know, is a global issue and it is likely to continue for another 3 to 4 months. Going forward, we will continue to monitor the situation and closely work with our suppliers to minimise this supply risk.”
Passenger Vehicles Sales Summary (Domestic) – February 2021
| Category | February | YTD February | ||||
| F21 | F20 | % Change | F21 | F20 | % Change | |
| Utility Vehicles | 15380 | 10675 | 44% | 138887 | 176294 | -21% |
| Cars*+ Vans | 11 | 263 | -96% | 1629 | 7300 | -78% |
| Passenger Vehicles | 15391 | 10938 | 41% | 140516 | 183594 | -23% |
*Above Domestic Sales Includes sales made in subsidiary company Mahindra Electric Mobility Ltd
Commercial Vehicles Sales Summary (Domestic) – February 2021
| Category | February | YTD February | ||||
| F21 | F20 | % Change | F21 | F20 | % Change | |
| LCV < 2T | 1175 | 1220 | -4% | 22148 | 36421 | -39% |
| LCV 2 T – 3.5 T | 7446 | 13771 | -46% | 113417 | 149204 | -24% |
| LCV > 3.5T + MHCV | 581 | 865 | -33% | 3478 | 11185 | -69% |
| 3 Wheelers (including electric 3Ws) | 2357 | 3843 | -39% | 16064 | 61766 | -74% |
Exports for the month of February 2021 were at 1,827 vehicles
Exports – February 2021
| Category | February | YTD February | ||||
| F21 | F20 | % Change | F21 | F20 | % Change | |
| Total Exports | 1827 | 1839 | -1% | 16255 | 26472 | -39% |
