Mahindra & Mahindra (M&M), the SUV and commercial vehicles manufacturer, witnessed a fall in share price on Tuesday after it 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%.
Shares of the company are trading at Rs 1,254.50, down Rs 22.95, or 1.80% at the Bombay Stock Exchange (BSE) on Tuesday at 10:15 a.m.
The scrip has touched an intra-day high of Rs 1,264 and low of Rs 1,241.05. The total volume of shares traded at the BSE is 20,434.