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Mahindra & Mahindra's Overall Auto Sales Climb 20% in May

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Mahindra & Mahindra's (NSE:M&M, BOM:500520) overall auto sales grew 20% year-on-year in May to 99,636 vehicles, according to a Monday filing to the Indian bourses.

The company's passenger vehicle sales grew 11% to 58,021 units in May from 52,431 units sold a year earlier.

Of the total, total exports were up 37% year-on-year in May at 5,000 units from 3,646 units.

In a separate filing, the company said its tractor sales were up 22% at 49,695 units in May from 40,643 units a year ago. Domestic tractor sales were up 23% over the previous year to 47,845 units in the reported month, while exports grew 7% to 1,850 units.

The company's shares were down over 1% in recent trade.

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