Mahindra Tractors Sells 12,327 Units in India during August 2016

Mumbai, September 1, 2016: 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 August 2016.

Domestic sales in August 2016 were at 12,327 units, as against 10,751 ¬¬units during August 2015. Total tractor sales (domestic + exports) during August 2016 were at 13,543 units, as against 11,699 units for the same period last year. Exports for the month stood at 1,216 units.

Commenting on the month’s performance, Rajesh Jejurikar, President and Chief Executive - Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, “We have sold 12,327 tractors in the domestic market during August 2016, with a growth of 15% over August 2015. The good monsoon has led to a growth in the Kharif sowing this year and we anticipate that the upcoming festive season will further boost demand in the coming months. In the export market, we sold 1,216 tractors with a growth of 28% over August 2015".

 

FARM EQUIPMENT SECTOR

 

August

Cumulative August

 

F16

F17

%Change

F16

F17

%Change

 

 

 

 

 

 

 

Domestic

10751

12327

15%

84174

100428

19%

 

 

 

 

 

 

 

Exports*

948

1216

28%

5343

5263

-1%

 

 

 

 

 

 

 

Total

11699

13543

16%

89517

105691

18%

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 17.8 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 2015, Mahindra & Mahindra was recognized as the Best Company for CSR in India in a study by the Economic Times. 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.

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 17.8 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 2015, Mahindra & Mahindra was recognized as the Best Company for CSR in India in a study by the Economic Times. 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

Our Social Media Channels: Twitter - https://twitter.com/MahindraRise Facebook - https://www.facebook.com/MahindraRise

Media contact information:

Mohan Nair

Vice President (Communications)

Automotive & Farm Equipment Sectors

Office Direct Line – + 91 22 28468510

Office Email Address – nair.mohan@mahindra.com

Other Key Releases

He's done it again!

Nick Heidfeld opens the Formula E season with a podium finish at the Hong Kong ePrix.

Making history

Mahindra Racing, the only Indian constructor in World Championship racing, is making a habit of creating historic firsts. Our MGP3O motorcycle finished 1st AND 2nd in the rain-soaked Czech Republic Grand Prix!

Make in India

Mahindra Defence Systems is partnering with Boeing to train the Indian Air Force on the mighty C-17 Globemaster.