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M&M share price slips 6% on weak Feb production, sales data

The sales declined 43 percent to 30,083 units against 52,799, while exports were down 40 percent at 1,831 vehicles, YoY.

March 06, 2020 / 11:12 AM IST
 
 
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Mahindra and Mahindra (M&M) share price slipped 6 percent intraday on March 6 after the Mumbai-headquartered company reported poor production and sales numbers for February 2020.

The company's February production was down 56 percent to 25,643 vehicles against 58,231 units in the year-ago period.

The sales also declined 43 percent to 30,083 units against 52,799, while exports were down 40 percent at 1,831 units, YoY.

Mahindra Holidays & Resorts India (MHRIL), a subsidiary of the company, said that Are Villa 1 AB and Are Villa 2 AB have ceased to be the subsidiaries of Holiday Club Sweden AB and in tum of Holiday Club Resorts Oy, Finland and in tum of MHRIL.

Consequently, Are Villa 1 AB and Are Villa 2 AB ceased to be the subsidiaries of the company from March 4.

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At 1055 hours, Mahindra and Mahindra was quoting at Rs 468.00, down Rs 11.25, or 2.35 percent, on the BSE.
Moneycontrol News
first published: Mar 6, 2020 11:12 am

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