Mumbai, February 1, 2012: Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the U.S. $14.4 billion Mahindra Group, maintained its leadership position in the tractor industry in January 2012.
Domestic sales in January 2012 stood at 17950 units, as against 19430 units during January 2011. Total tractor sales (domestic + exports) in January 2012 stood at 19354 units, as against 20499 units for the same period last year. Exports for the month stood at 1404 units, having registered a growth of 31%.
For the period April 2011 to January 2012, total cumulative sales stood at 202723 units, as compared to 174764 units for the same period last year, an increase of 16%.
About The Mahindra Group
The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.
A US $14.4 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000 people in over 100 countries.
In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow.
In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.
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For further enquiries please contact:
Ms. Roma Balwani
Senior VP & Group Head - Corporate Communication
Mahindra & Mahindra Ltd
Phone: (+91-22) 24975176