Mumbai, July 3, 2017: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 19 billion Mahindra Group, today announced its tractor sales numbers for June 2017.
Domestic sales in June 2017 were at 31,522 units, as against 28,797 units during June 2016. Total tractor sales (domestic + exports) during June 2017 were at 32,933 units, as against 30,191 units for the same period last year. Exports for the month stood at 1,411 units.
Commenting on the month’s performance, Rajesh Jejurikar, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 31,522 tractors in the domestic market during June 2017, a growth of 9% over last year. With the healthy spread of the monsoon and good sowing in progress across the country, we are hopeful of a good agricultural output, leading to improved market sentiment. In the exports market, we sold 1,411 tractors.”
|FARM EQUIPMENT SECTOR|
The Mahindra Group is a USD 19 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.