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 January 30, 2015, Mahindra and Mahindra closed at Rs 1263.00, down Rs 32.25, or 2.49 percent. The 52-week high of the share was Rs 1421.00 and the 52-week low was Rs 847.00.
The company's trailing 12-month (TTM) EPS was at Rs 58.92 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 21.44. The latest book value of the company is Rs 270.60 per share. At current value, the price-to-book value of the company is 4.67.
READ MORE ON Mahindra & Mahindra, M&M, auto, sales, January, utility vehicles, Scorpio, XUV500, Bolero, Verito
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