M&M slips after declaring auto sales

Mahindra & Mahindra's overall automotive sales (domestic + exports) stood at 52,546 vehicles in January 2020, down 6% from 55,722 vehicles during January 2019.

Shares of Mahindra & Mahindra (M&M) are currently trading 0.93% lower at Rs 562.10.

Domestic sales fell 3% to 50,785 units while the total exports slumped 45% to 1,761 units in January 2020 over January 2019.

M&M Farm Equipment Sector's (FES) total tractor sales rose 4% to 23,116 units in January 2020 from 22,212 units in January 2019.

Domestic sales in January 2020 were at 22,329 units, as against 20,948 units during January 2019, up 7% YoY. Exports for the month slumped 38% to 787 units from 1,264 units in the year ago period.

 

M&M operates in automotive segment comprising of sales of automobiles, farm equipment and sale of spare parts.

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