GM Investment I Brazil: "Our future is all electric," said the US auto giant s president for international operations, Shilpan Amin, after meeting President Luiz Inacio Lula da Silva in Brasilia. Lula, whose administration has pushed auto companies in Brazil to make electric cars locally rather than import them, welcomed the announcement.
The auto space is back in the game after a very long time. The decline in major commodity prices has been fruitful and margins have already started to improve. Amid this positive environment, let s find out between Maruti Suzuki and M&M, which auto major is a better investment for the long term.
Lockdown impact: M&M sales decline 10% over March to 36,437 units in April
Passenger vehicles sales in the domestic market stood at 18,285 units last month, up 9 per cent from 16,700 units in March 2021
PTI | May 1, 2021 | Updated 18:21 IST
Mahindra & Mahindra (M&M) on Saturday said its total sales declined by 10 per cent to 36,437 units in April as compared with March this year on account of lockdown in various states amid surge in COVID-19 cases.
The Mumbai-based auto major had dispatched 40,403 units to dealers in March this year. It had zero sales in the domestic market in April last year due to nationwide lockdown due to COVID-19.