Sales of passenger vehicles, including Scorpio, XUV 5OO, Xylo, Bolero and Verito, stood at 14,708 units compared with 15,530 units in July 2013, down 5.29 percent.
Automaker major Mahindra & Mahindra today reported 4.12 per cent decline in total sales at 35,567 units in July. Mahindra & Mahindra (M&M) had sold 37,096 units in the same month last year, the company said in a statement. M&M's domestic sales went down by 4.18 percent to 33,047 units last month as against 34,490 units a year earlier.
Sales of passenger vehicles, including Scorpio, XUV 5OO, Xylo, Bolero and Verito, stood at 14,708 units compared with 15,530 units in July 2013, down 5.29 percent. Four-wheel commercial vehicle sales declined by 9.22 percent to 12,472 units in July 2014 as against 13,740 units in the year-ago month, it said.
Exports went down by 3.30 per cent to 2,520 units from 2,606 units in the same period a year earlier. M&M Chief Executive (Automotive Division) Pravin Shah said: "The overall sales during the last month was subdued and the market remained challenging. With the monsoon now setting in across the country as well as the ensuing festival season, we expect positive sentiments in the coming months resulting in enhanced demand for our products."
Also Read: Maruti reports 21.7% increase in total sales for July'14
M&M stock price
On August 01, 2014, Mahindra and Mahindra closed at Rs 1171.70, down Rs 32.2, or 2.67 percent. The 52-week high of the share was Rs 1268.75 and the 52-week low was Rs 741.50.
The company's trailing 12-month (TTM) EPS was at Rs 61.02 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 19.2. The latest book value of the company is Rs 272.84 per share. At current value, the price-to-book value of the company is 4.29.
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