Mumbai, June 1, 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 May 2017.
Domestic sales in May 2017 were at 24,575 units, as against 22,148 units during May 2016. Total tractor sales (domestic + exports) during May 2017 were at 25,599 units, as against 23,018 units for the same period last year. Exports for the month stood at 1,024 units.
Commenting on the month’s performance, Rajesh Jejurikar, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 24,575 tractors in the domestic market during May 2017, a growth of 11% over last year. We hope that the announcement of record production estimates for major crops, coupled with higher MSP will drive positive sentiments and boost tractor demand in this season. In the exports market, we sold 1,024 tractors, a growth of 18% over May 2016”
|FARM EQUIPMENT SECTOR|
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.