Medilytix Bureau :Mahindra & Mahindra on Monday reported the highest ever monthly wholesale of 64,486 vehicles in September, which was driven by strong demand for its sports utility vehicles.
The company recorded a two-fold jump as compared with the corresponding period of last year. It had dispatched a total of 28,112 passenger and commercial vehicles in domestic and international markets in September 2021.
Last month, the company posted its highest ever monthly sales of sports utility vehicles (SUV) at 34,262 units, a two-fold jump as compared with 12,863 units in September 2021.
September turned out to be a record month for the company in terms of overall volumes as well as SUV dispatches, reported PTI, citing M&M President (Automotive Division) Veejay Nakra.
He noted that the overall popularity of SUVs, along with robust demand for the company’s latest products, led to record dispatches for the automaker last month.
Even in the thick of COVID-19, while the passenger vehicle industry had declined, SUVs had reported single-digit growth. Last year, the segment grew well, and this year it has shown a growth of around 40 per cent. So SUVs continue to be the strongest growing segment in the overall passenger vehicle industry, “PTI quoted Nakra as saying.”
So it’s a combination of the industry’s massive growth (SUVs) and our ability to launch some blockbuster products last year,” Nakra explained.
“There have been a host of actions like alternate sourcing from open markets, whether bringing in new suppliers or re-engineering the products..so various things have been attempted,” Nakra said.
He added that despite all these steps, there is still a structural gap between demand and supply of automotive grade semiconductors, which is going to stay for some time.
“I think while the worst is behind us, the reality is we are going to need to manage this going forward,” Nakra stated.
Brands like Scorpio-N, Scorpio Classic, some of these brands, we continue to get higher bookings than we can supply.