M&M shares down 2 pc as sales fall in January

Shares of auto major Mahindra & Mahindra today fell by 2 per cent after the company reported six per cent decline in total sales in January.
M&M's scrip ended the day 1.52 per cent lower at Rs 1,243.85 on the BSE. During the day, it slipped 1.97 per cent to Rs 1,238.
At the NSE, it lost 2.04 per cent to settle at Rs 1,239.35.
Mahindra & Mahindra today reported six per cent decline in total sales at 39,930 units in January.
It had sold 42,685 units in the same month last year, the company said in a statement.
M&M's domestic sales declined by eight per cent to 37,045 units last month as against 40,324 units a year earlier.

Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito stood at 18,804 units as compared to 19,792 units in January 2014, down five per cent.
Meanwhile, in the broader market the BSE benchmark Sensex ended at 29,122.27, down 60.68 points.