India: Mahindra witnesses 44% y-o-y growth in sales of utility vehicles in Feb ’21

Mahindra & Mahindra Limited, has reported sales of utility vehicles at 15,380 units in Feb ’21, surging by 44% y-o-y against 10,675 units in the same period last year. Meanwhile, exports for last month remained more or less flat at 1,827 units, down by 1% y-o-y compared to 1,839 units in Feb ’20. The company is working closely with its suppliers to minimize the impact of the shortage of semi-conductors which continues to curb growth. “However, the demand continues to remain buoyant for our range of SUVs and Pick-ups and we have a robust order pipeline”,stated Veejay Nakra, CEO, M&M Ltd.