Mahindra & Mahindra Q1 profit down 97%, sales fall 56%

Indian vehicle manufacturer Mahindra & Mahindra reported a profit of ₹68 crore for the quarter ended June 2020, down 97% year-on-year from ₹2,260 crore. The automaker recorded sales of ₹5,589 crore, down 56% from ₹12,805 crore a year ago. "After the first-ever zero-sales in the month of April, the industry is finding its way back," the firm said.