Mahindra Tractors sells 10,267 units in India during February 2015

Mumbai, 2nd March 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 February 2015.

Domestic sales in February 2015 stood at 10,267 units, as against 16,553 units during February 2014. Total tractor sales (domestic + exports) during February 2015 stood at 11,437 units, as against 17,593 units for the same period last year. Exports for the month stood at 1,170 units, registering a growth of 13%.

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 10,267 units during February 2015. With negative sentiments and low crop output during this period the industry continues to witness de-growth. At Mahindra, we have seen a positive trend in exports which have grown by 13% during February 2015.

 

Feb 2015

Cumulative Feb

 

F14

F15

%Change

F14

F15

%Change

Domestic

16553

10267

-38%

240700

209765

-13%

Exports

1040

1170

13%

9262

12004

30%

Total

17593

11437

-35%

249962

221769

-11%

*Exports include CKD units.

About Mahindra

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 employs more than 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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For further enquiries please contact:

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Chief Group Communications and Ethics Officer

and Member of the Group Executive Board

Mahindra Group         

Phone: +91 22 2490 1441+91 22 2490 1441   

Email:  group.communications@mahindra.com

 

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