Industry analysts have cited the Covid-19 outbreak as the main resaon for such downfall in sales numbers.

 

Subsequent to the outbreak, the national lockdown was imposed. This has dealt a heavy blow to the auto industry, leading to a temporary closure of dealerships and factories.

 

Furthermore, the company reported nil domestic sales last month. It had sold 41,603 units in April 2019.

 

Only exports'' segment showed some life. M&M exported 733 units in the month under review, which is a decline of 65 per cent on a YoY basis from 2,118 vehicles which were shipped out in April 2019.

 

Commenting on the situation, Veejay Nakra, Chief Executive Officer, Automotive Division, Mahindra & Mahindra said: "At Mahindra, we are working h and in hand with all stakeholders, especially our dealer and supplier partners, to get our ecosystem started, once the lockdown is lifted. The safety of all our employees will be of paramount importance to us while resuming our operations."