Mahindra & Mahindra reports 9% fall in April sales, worry continues

Mahindra & Mahindra reports 9% fall in April sales, worry continues

PTIUpdated: Wednesday, May 29, 2019, 08:26 PM IST
article-image

Mumbai: Auto major Mahindra & Mahindra (M&M) on Thursday reported a nine per cent fall in total sales to 43,721 units in April.

It had sold 48,097 units in the same month last year, M&M said in a statement.

In the domestic market, its sales dropped eight per cent to 41,603 units last month compared to 45,217 in April 2018.

Exports declined 26 per cent to 2,118 units against 2,880 units in the year-ago month, the company said.

Sales of passenger vehicles dropped nine per cent to 19,966 units compared to 21,927 units in the same month last year, as per the statement.

Commercial vehicle sales were also down nine per cent to 17,321 units in April against 18,963 units in the year-ago period, it said.

The three-wheeler sales during the month under review stood flat at 4,316 units as compared to 4,327 units in April 2018, M&M said in the statement.

RECENT STORIES

'Jwalamukhi Fatchuka Hai': Real Estate Agent Ravi Kewalramani Accuses Chandak Group Of Withholding...

'Jwalamukhi Fatchuka Hai': Real Estate Agent Ravi Kewalramani Accuses Chandak Group Of Withholding...

Edelweiss Mutual Fund Launches Nifty Alpha Low Volatility 30 Index Fund

Edelweiss Mutual Fund Launches Nifty Alpha Low Volatility 30 Index Fund

Unlock Your Home Buying Potential with a Home Loan EMI Calculator

Unlock Your Home Buying Potential with a Home Loan EMI Calculator

Microsoft Posts $21.9 Billion In Net Income, Bets Big On AI

Microsoft Posts $21.9 Billion In Net Income, Bets Big On AI

Tech Mahindra Shares Rockets To Over 11% Even As Citi Maintains 'Sell' Rating

Tech Mahindra Shares Rockets To Over 11% Even As Citi Maintains 'Sell' Rating