InvestorQ : How did M&M fare in the auto sales numbers for May 2020?
Juvina Maggie made post

How did M&M fare in the auto sales numbers for May 2020?

Answer
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Angel dcosta answered.
3 months ago


M&M posted 79% fall in domestic vehicle sales to 9076 units in May 2020. Cars and utility vehicles recorded 81% fall while CV segment saw 71% fall in sales numbers. However, the company operations had been at much lower capacity for most of May and are just getting its logistics in place now. However, with new Unlock 1.0 norms being issued, Mahindra and Mahindra is hopeful of demand gaining traction in the coming months. Tractors could be the saving grace for M&M.