Auto Sales | M&M total sales down 6% in November, miss Street estimates
Mahindra & Mahindra reported total sales of 40,102 units in November, down 6.2 percent on a year-on-year basis. Analysts in a CNBC-TV18 poll had expected the company’s monthly sales at 41,400 units.
Passenger vehicle sales, however, increased seven percent to 19,458 units.
M&M’s total tractor sales reduced 15 percent to 27,681 units last month. Analysts in the CNBC-TV18 poll had predicted total tractor sales at 24,500 units.
Tractor sales in the domestic market declined 17 percent to 26,094 units.
The M&M stock was flat at Rs 835.1 apiece on BSE in late afternoon deals, having fluctuated between gains and losses in a narrow range around the flatline earlier on Wednesday.
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