Mahindra & Mahindra's total automotive sales in January rose 11 percent year-on-year to 49,503 units, driven by utililty vehicle demand, while exports and medium & heavy truck sales slumped.
Mahindra & Mahindra 's total automotive sales in January rose 11 percent year-on-year to 49,503 units, driven by utililty vehicle demand, while exports and medium & heavy truck sales slumped.
The maker of Bolero, Scorpio and XUV500 sold 26,555 units of its UVs and Verito sedan, up 33 percent year-on-year, while four-wheeler commercial vehicle sales rose 5 percent to 14,451 units.
Three-wheeler CV sales, however, declined 5 percent to 5,811 units and Mahindra Navistar, which sells medium and heavy trucks, saw sales slide 34 percent to 1,024 units.
Overall, the company's domestic sales rose 16 percent to 47,841 units. Exports halved to 1,662 units.
Year-to-date (April-Jan), M&M's sales are up 18 percent to 4.64 lakh units. While domestic sales have risen 18 percent, exports are up 10 percent.
At 13:40hrs, M&M shares were up 0.02 percent at Rs 889.45 on NSE.
M&M stock price
On November 24, 2015, Mahindra and Mahindra closed at Rs 1317.95, down Rs 4.65, or 0.35 percent. The 52-week high of the share was Rs 1441.45 and the 52-week low was Rs 1095.00.
The company's trailing 12-month (TTM) EPS was at Rs 52.62 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 25.05. The latest book value of the company is Rs 310.09 per share. At current value, the price-to-book value of the company is 4.25.
READ MORE ON Mahindra & Mahindra, M&M, auto, sales, January, utility vehicles, Scorpio, XUV500, Bolero, Verito
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