Coronavirus impact: M&M expects Q1 volumes to decline 15%-20% q-o-q

'Demand and supply for vehicles and tractors is expected to be impacted temporarily,' says the company

Mahindra and Mahindra has guided for a weak first quarter volume due to Covid-19 disruptions. The company is reviewing the demand and supply situation and re-calibrating its operations, it said in a stock exchange notification. So far, Mahindra is the only auto firm to give a quarterly guidance on volumes due to the pandemic’s second wave.  

“With the rampant spread of the second wave of Covid-19 and lockdowns enforced in various states and parts of the country coupled with disruption in the supply of oxygen for industrial use, demand and supply for vehicles and tractors is expected to be impacted