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Business

Updated on: Friday, October 01, 2021, 05:08 PM IST

Mahindra dispatches decline 22% in September; semiconductor shortage impacts production

PTI

Domestic commercial vehicle sales dropped to 12,449 units last month from 19,494 units in September 2020, while the exports rose 61per cent. \ Representative Image

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Domestic commercial vehicle sales dropped to 12,449 units last month from 19,494 units in September 2020, while the exports rose 61per cent. \ Representative Image |

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Mahindra & Mahindra Ltd on Friday reported a 21.73 per cent year-on-year decline in total wholesales at 28,112 units in September.

The company had dispatched a total of 35,920 units in September 2020. In the previous month, the company's passenger vehicle sales in the domestic market stood at 13,134 units, down 12 per cent from 14,857 units in the year-ago period.

Domestic commercial vehicle sales fell to 12,449 units last month from 19,494 units in September 2020.

Exports rose to 2,529 units last month, up 61 per cent from 1,569 units in September 2020.

“The challenges around the supply of semiconductors continues to pose difficulties for the auto industry globally. We have taken several steps to mitigate the effect and are working towards managing the situation as best as possible," M&M Automotive Division CEO Veejay Nakra said.

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Published on: Friday, October 01, 2021, 05:08 PM IST
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