M&M's total sales in August 2020 down 16%

Mumbai, Sep 1 (IANS) Automobile major Mahindra and Mahindra (M&M) on Tuesday reported a 16 per cent fall in its total sales during August, on a year-on-year basis.In a statement, the company said that it sold 30,426 units, including exports, last month, compared to 36,085 vehicles sold during the same period last year.M&M also reported a fall of 13 per cent in domestic sales last month. It sold 29,257 units during the period under review from an off-take of 33,564 units in August 2019.M&M exported 1,169 units in the month under review down from 2,521 vehicles which were shipped out in August last year.Commenting on the performance, Veejay Nakra, Chief Executive Officer, Automotive Division, M&M, said: "At Mahindra, we continue to see good recovery in demand both for SUVs and pick-ups in the Small Commercial Vehicles segment.""For the month of August, we have registered growth in both SUVs and Pick-ups. We have been able to meet the uplift in demand by managing the supply chain challenges and going forward will continue to keep our focus on it."
--IANS rv/sn/vd