Mahindra & Mahindra (M&M) had sold 41,432 units in the same month last year, the company said in a statement. In April, M&M's domestic sales stood at 34,107 units as against 39,902 units in the same month of previous year, down 15 percent.
Automaker Mahindra & Mahindra today reported 12 percent decline in total sales at 36,274 units in April.
Mahindra and Mahindra (M&M) had sold 41,432 units in the same month last year, the company said in a statement. In April, M&M's domestic sales stood at 34,107 units as against 39,902 units in the same month of previous year, down 15 percent.
Total sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito, stood at 18,148 units during the month as against 20,748 in April 2013, down 13 percent. Sales of the company's four-wheel commercial vehicles were down 19 percent at 11,677 units as against 14,414 units in April 2013, it said.
Also read: Honda Cars April sales up 30% to 11,040 units
The company's exports were up 42 percent to 2,167 units during the month from 1,530 units in April 2013. M&M Chief Executive (Automotive Division) Pravin Shah said: "It is unfortunate that the auto industry has not seen an upturn over the last couple of months in spite of a reduction in excise duty."
The company expects that post the general elections, sentiments would improve, leading to a better economic situation and hence increased demand, he added. "At Mahindra, we are happy with our exports performance for the month and we continue to be optimistic going forward and expect to witness a gradual upswing on the back of our product offerings and customer centric initiatives," Shah said.
M&M stock price
On April 17, 2014, Mahindra and Mahindra closed at Rs 990.00, up Rs 14.65, or 1.50 percent. The 52-week high of the share was Rs 1054.00 and the 52-week low was Rs 741.50.
The company's trailing 12-month (TTM) EPS was at Rs 60.90 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 16.26. The latest book value of the company is Rs 238.22 per share. At current value, the price-to-book value of the company is 4.16.
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