Mahindra & Mahindra (M&M), the SUV and commercial vehicles manufacturer, announced a drop of 9.8% in auto sales numbers which stood at 38,033 units during February 2015, as against 42,166 units during February 2014.
The passenger vehicles segment sold 18,103 units in February 2015 as against 19,308 units during February 2014. The company's domestic sales stood at 34,918 units during February 2015 as against 39,338 units during February 2014. In February 2015, the truck & bus division of the company sold 731 units, registering a growth of 21%.
Exports for February 2015 stood at 3,115 units registering a growth of 10%.
Shares of the company declined Rs 14.05, or 1.09%, to settle at Rs 1,277.45. The total volume of shares traded was 54,607 at the BSE (Monday).