Mahindra & Mahindra (M&M) on Monday reported an 11.38 per cent decline in complete gross sales at 28,777 models in February.
The firm had offered 32,476 models in February 2020, M&M mentioned in an announcement.
Passenger autos gross sales elevated by 41 per cent to fifteen,391 models final month, as in contrast with 10,938 models within the year-ago interval.
In the industrial autos phase, the corporate offered 11,559 autos within the home market final month, as in opposition to 19,699 models in February 2020, a drop of 70.42 per cent.
Exports declined by 1 per cent to 1,827 models final month, as in opposition to 1,839 models within the year-ago month.
“Demand continues to remain buoyant for our range of SUVs and Pick-ups and we have a robust order pipeline. However, supply of semiconductors, as we all know, is a global issue and it is likely to continue for another 3 to 4 months,” M&M Chief Executive Officer Automotive Division Veejay Nakra mentioned.
Going ahead, the corporate will proceed to observe the state of affairs and intently work with its suppliers to minimise this provide threat, he added.
