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M&M’s auto sector registers 79% fall in May sales

01 Jun 2020 Evaluate
Mahindra & Mahindra (M&M) has reported auto sales performance for May 2020 which stood at 9,560 vehicles, compared to 45,421 vehicles during May 2019, registering a fall of 79%. The company’s domestic sales stood at 9,076 vehicles during May 2020, as against 43,056 vehicles in May 2019. Exports for May 2020 stood at 484 vehicles.   

In the Passenger Vehicles segment (which includes UVs, Cars and Vans), the company sold 3,867 vehicles in May 2020, compared to 20,608 vehicles in May 2019. In the Commercial Vehicles segment, the company sold 5,170 vehicles in May 2020, as against 17,879 vehicles in May 2019. In the Medium and Heavy Commercial Vehicles (MHCV) segment, the company sold 39 vehicles for the month.

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

Mahindra & Mahindra Share Price

3199.35 -22.00 (-0.68%)
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