Mahindra Tractors sells 10,392 units in India during March 2015

Mumbai, 1st April 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 March 2015.

Domestic sales in March 2015 stood at 10,392 units, as against 16,571 units during March 2014. Total tractor sales (domestic + exports) during March 2015 stood at 12,254 units, as against 17,673 units for the same period last year. Exports for the month stood at 1,862 units, registering a growth of 69%.

Commenting on the monthly performance, Rajesh Jejurikar, President & Chief Executive, Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, We have registered a sale of 10,392 units during March 2015. The unseasonal rains and hailstorms have adversely affected market sentiments. We have adjusted dealer inventory in Q4 of F15 to align to market conditions. At Mahindra, this has been a record year for exports with March 15 seeing the highest ever exports in a single month with 1,862 tractors, a growth of 69% over the same period last year.

 

March 2015

Cumulative March

 

F14

F15

%Change

F14

F15

%Change

Domestic

16571

10392

-37%

257271

220157

-14%

Exports

1102

1862

69%

10364

13866

34%

Total

17673

12254

-31%

267635

234023

-13%

*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 tractorsutility vehiclesinformation technologyfinancial 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.

Visit us at www.mahindra.com

For further enquiries please contact:

Ruzbeh Irani  

Chief Group Communications and Ethics Officer

and Member of the Group Executive Board

Mahindra Group                                           

Phone: +91 22 2490 1441   

Email:  group.communications@mahindra.com

 

 

Other Key Releases

Shaping the future

From solar lamps and water jugs and even prosthetic limbs, 3D printing has the potential to drive positive change in the lives of people everywhere. The Mahindra Group has now designed and implemented a pilot project to bring its benefits to semi-urban and rural India.

Back at it!

2016 has gone down in history as Mahindra Racing's most successful Moto3™ World Championship campaign to date. Goals were achieved and surpassed, causing the bar to constantly raise as the season progressed.

Reinventing supply chain

Mahindra partners with IBM to develop cloud-based Block Chain application, one of the first projects of its kind in India outside of traditional banking.