Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3159.35
30.20 (0.97%)
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M&M’s sales volume likely to be lower by 15-20% in June quarter

Date: 12-05-2021

Mahindra & Mahindra’s (M&M) sales volume for the quarter ended June 2021 is estimated to be lower by 15-20 per cent as compared to Q4FY21 due to the second wave of the coronavirus pandemic. The revenue and profitability will also be impacted in line with the fall in volumes. However, the company is taking various cost optimisation measures to limit the adverse impact.

The rampant spread of the second wave of COVID-19 and lockdowns enforced in various states/parts of the country coupled with disruption in the supply of oxygen for industrial use, demand and supply for vehicles and tractors is expected to be impacted temporarily.

Mahindra & Mahindra (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.