M&M slips as second wave of COVID-19 to impact sales | Business Standard News
Mahindra & Mahindra fell 1.34% to Rs 765.20 after the company said that the estimated sales volume for the quarter ending June 2021 will be lower by 15-20% as compared to Q4 F21. The revenue and profitability will be impacted in line with the fall in volumes. However, the company is taking various cost optimisation measures to limit the adverse impact, M&M said in a statement. The auto maker said that with the rampant spread of the second wave of COVID-19 and lockdowns enforced in various states / parts of the country coupled with disruption in the supply of oxygen for industrial use, demand...