Mumbai, May 2, 2017: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 17.8 billion Mahindra Group, today announced its tractor sales numbers for April 2017.
Domestic sales in April 2017 were at 25,081 units, as against 20,704 units during April 2016. Total tractor sales (domestic + exports) during April 2017 were at 26,001 units, as against 21,386 units for the same period last year. Exports for the month stood at 920 units.
Commenting on the month’s performance, Rajesh Jejurikar, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 25,081 tractors in the domestic market during April 2017, a growth of 21% over last year. We expect that the prediction of a normal monsoon coupled with the expectation of good rabi crop will boost tractor demand in the coming months. In the exports market, we sold 920 tractors, a growth of 35% over April 2016.”
|FARM EQUIPMENT SECTOR|
*Exports include CKD
The Mahindra Group is a USD 17.8 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.