Mumbai, April 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 March 2017.
Domestic sales in March 2017 were at 17,973 units, as against 13,931 units during March 2016. Total tractor sales (domestic + exports) during March 2017 were at 19,337 units, as against 14,682 units for the same period last year. Exports for the month stood at 1,364 units.
Commenting on the month’s performance, Rajesh Jejurikar, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 17,973 tractors during March 2017 with a growth of 29% over last year. With continued government support to agriculture and expectation of bumper rabi crop, we expect market sentiments to remain positive. In the exports market, we sold 1,364 tractors with a growth of 82% over March 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.