Mahindra Tractors sells 13,852 units in India during January 2015
Mumbai, 2nd February 2015: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 16.5 billion Mahindra Group, today announced its sales numbers for January 2015.
Domestic sales in January 2015 stood at 13,852 units, as against 19,389 units during January 2014. Total tractor sales (domestic + exports) during January 2015 stood at 14,913 units, as against 20,109 units for the same period last year. Exports for the month stood at 1,061 units, registering a growth of 47%.
Commenting on the monthly performance, Rajesh Jejurikar, Chief Executive, Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, "We have registered a sale of 13,852 units during January 2015. The tractor industry has been going through a de-growth caused by reduced Kharif crop production and lower mandi prices. However at Mahindra, we have seen a positive trend in exports which have grown by 47% during January 2015."
|Jan 2015||Cumulative Jan|
*Exports include CKD units.
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
A USD 16.5 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles,information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world’s largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category in 2013.
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