Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, today announced its auto sales performance for November 2019.
In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 14,637 vehicles in November 2019, compared to 16,188 vehicles November 2018.
In the Commercial Vehicles segment, the company sold 17,384 vehicles in November 2019, as against 19,673 vehicles in November 2018.
In the Medium and Heavy Commercial Vehicles segment, Mahindra sold 311 vehicles for the month. Exports for November 2019 stood at 2,621 vehicles.
The company's overall automotive sales (Domestic + Exports) stood at 41,235 vehicles in November 2019, compared to 45,101 vehicles during November 2018.
Commenting on the performance, Veejay Ram Nakra, Chief of Sales and Marketing, Automotive Division, M&M Ltd. said, "The month post festive season is historically a lean month for the automotive industry. Consumer demand, especially for passenger vehicles, typically picks up in the year-end that is in December. Therefore, we expect December to pan out better for the automotive industry."
Shares of MAHINDRA & MAHINDRA LTD. was last trading in BSE at Rs.530.05 as compared to the previous close of Rs. 541.55. The total number of shares traded during the day was 108607 in over 3544 trades.
The stock hit an intraday high of Rs. 543.55 and intraday low of 528.35. The net turnover during the day was Rs. 58011739.