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 October 2016.
Domestic sales in October 2016 were at 43,826 units, as against 27,280 units during October 2015. Total tractor sales (domestic + exports) during October 2016 were at 45,177 units, as against 28,081 units for the same period last year. Exports for the month stood at 1,351 units.
Commenting on the month’s performance, Rajesh Jejurikar, President and Chief Executive – Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, “In October 2016 we had a strong growth of 61% over October 2015, with sales of 43,826 tractors in the domestic market. This season’s rainfall has been normal resulting in healthy water levels in reservoirs. Expectation of good Kharif crop coupled with continued good sentiments will positively impact demand going forward. In the export market, we sold 1,351 tractors with a growth of 69% over October 2015.”
|FARM EQUIPMENT SECTOR|
*Exports include CKD