Mahindra & Mahindra records 5% wholesale order decline in Oct
Company News

Mahindra & Mahindra records 5% wholesale order decline in Oct

Mahindra & Mahindra Limited has reported a 5% decline in total wholesales at 41,908 units in October. Last year in October, the company dispatched 44,359 units.

Earlier this year, in October, the sales of passenger vehicles in the domestic market stood at 20,130 units, a growth of 8% from 18,622 units a year ago.

The domestic, commercial vehicles sales declined to 18,604 units from 23,716 units in October 2020.

The exports rose to 3,174 units in October, growth up to 57% from 2,021 units last year in October.

CEO of Mahindra & Mahindra Automotive Division, Veejay Nakra, said that the vehicular demand across the company's portfolio remains robust. The company has received positive responses from the customers of XUV700, and as per the commitment, the company has commenced deliveries of petrol variants to the customers, he said.

He said that the supply chain issues in semiconductors related products continue to be dynamic as it focuses on managing the situation on a short-term basis.

Image Source

Mahindra & Mahindra Limited has reported a 5% decline in total wholesales at 41,908 units in October. Last year in October, the company dispatched 44,359 units. Earlier this year, in October, the sales of passenger vehicles in the domestic market stood at 20,130 units, a growth of 8% from 18,622 units a year ago. The domestic, commercial vehicles sales declined to 18,604 units from 23,716 units in October 2020. The exports rose to 3,174 units in October, growth up to 57% from 2,021 units last year in October. CEO of Mahindra & Mahindra Automotive Division, Veejay Nakra, said that the vehicular demand across the company's portfolio remains robust. The company has received positive responses from the customers of XUV700, and as per the commitment, the company has commenced deliveries of petrol variants to the customers, he said. He said that the supply chain issues in semiconductors related products continue to be dynamic as it focuses on managing the situation on a short-term basis. Image Source

Next Story
Infrastructure Urban

What Industry Wants!

The construction industry is gearing up for Budget 2025 with high expectations. As one of India’s key economic drivers, the sector is eagerly anticipating reforms and policies to address pressing challenges such as high input costs, funding gaps, and sustainability demands. Industry leaders across real estate, infrastructure, construction materials, and logistics have shared their wishlists, urging the government to focus on GST rationalization, increased CAPEX, and green initiatives.This year’s budget presents an opportunity for the government to not only tackle existing bottlenecks but a..

Next Story
Infrastructure Urban

Messe Stuttgart, Startup India Tie-Up to Boost Funding

The logistics market in India is poised for significant growth, with a projected revenue of $357.3 billion by 2030. Despite this huge potential, a recent McKinsey & Company report highlights the decline in logistics funding following the pandemic that remains a significant concern. After receiving unprecedented funding of $25.6 billion in 2021, venture capital investment in logistics startups fell sharply to $2.9 billion in 2023—a nearly 90 per cent decrease, marking the lowest since 2015. This pullback from investors is attributed to several factors, including high interest rates, a glo..

Next Story
Infrastructure Transport

JK Tyre Strengthens Road Safety Commitment

Reinforcing its unwavering commitment to road safety, JK Tyre & Industries, a leader in the tyre manufacturing industry, partnered with the Delhi Traffic Police to organise a comprehensive Road Safety Awareness Week. This initiative, held as part of National Road Safety Month (January 1–31, 2025) spearheaded by the Ministry of Road Transport and Highways (MoRTH), aimed to foster responsible driving habits and reduce road accidents. Under the theme ‘Sadak Suraksha Jeevan Raksha,’ the initiative commenced on January 16, 2025, at the Delhi Police Traffic Training Park, BKS. The program feat..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000