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Mahindra & Mahindra FY20 sales down 22%

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Sells 4.76 lakh vehicles in FY 2020

Mahindra & Mahindra announced its auto sales performance for the financial year ended 31 March 2020, which stood at 4,76,043 vehicles lower by 22% compared to 6,08,596 vehicles during FY-19.

For the month of March 2020, the company sold 7,401 vehicles (Domestic + Exports), as against 62,952 vehicles in March, 2019, recording a decline of 88%.

In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 3,384 vehicles in March 2020, compared to 27,646 vehicles in March 2019.

In the Commercial Vehicles segment, the company sold 2,325 vehicles in March 2020, as against 24,423 vehicles in March 2019.

Exports for March 2020 stood at 1,271 vehicles, lower by 68% over March 2019.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, April 01 2020. 15:27 IST