Mahindra Auto announces its sales figure for October 2021. The carmaker sold a total of 41,908 vehicles for the given month. In the Utility vehicle segment, Mahindra sold over 20,034 units. Meanwhile, the passenger vehicle that consists of UVs, cars and vans accounted for 20,130 units. Exports for the given month contributed to 3,174 units. Mahindra mentioned that they are witnessing an unprecedented demand for the newly launched XUV700. The carmaker has now started off with the deliveries of the petrol variant. Mahindra also talked about the global shortage of semiconductor chips and its potential repercussions.
Detailed Sales Analysis
Mahindra Auto sold a total of 20,034 UVs in October 2021, up from 18,317 units for the same period last year. This translates to a growth of 9 per cent. In the cars+vans segment, Mahindra sold a total of 96 units for October 2021. The figure for the same period last year stood at 305 units.
For the commercial market segment, Mahindra registered a total sales of 3,175 units for the LCV <2T category in October 2021. The same for October 2020 stood at 4,165 units. In the LCV 2T to 3.5T category, the company sold a total of 11,178 units for October 2021. Meanwhile, for October 2020, the figure stood at 15,895 units. In the LCV > 3.5T and MHCV category, Mahindra sold a total of 724 units, up from 538 units for October 2020. In the three-wheelers segment, Mahindra sold a total of 3,527 units for the given period. Meanwhile, for October 2020, the figure stood at 3,118 units. The export figure rose from 2,021 units in October 2020 to 3,174 units in October 2021.
Mahindra aims to deliver 4,000 XUV700 before 14th January 2022. The demand has been quite strong, and Mahindra constantly optimises its supply chain to serve its customers. Reports suggest Mahindra could come up with the 5-door version of the Thar sometime in 2023. Rumours are claiming that Mahindra will enter the EV segment very soon. And the chances are high that Mahindra’s first EV could be the eKUV100. There’s no official announcement as of yet, but we expect the launch to happen sometime next year.