Mahindra Tractors Sells 43,826 Units; Registers a Growth of 61% in the Domestic Market during October 2016

Mumbai, November 2, 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 October 2016.

Domestic sales in October 2016 were at 43,826 units, as against 27,280 units during October 2015. Total tractor sales (domestic + exports) during October 2016 were at 45,177 units, as against 28,081 units for the same period last year. Exports for the month stood at 1,351 units.

Commenting on the month’s performance, Rajesh Jejurikar, President and Chief Executive - Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, “In October 2016 we had a strong growth of 61% over October 2015, with sales of 43,826 tractors in the domestic market. This season’s rainfall has been normal resulting in healthy water levels in reservoirs. Expectation of good Kharif crop coupled with continued good sentiments will positively impact demand going forward. In the export market, we sold 1,351 tractors with a growth of 69% over October 2015.”

 

FARM EQUIPMENT SECTOR

 

October

Cumulative October

 

F16

F17

%Change

F16

F17

%Change

 

Domestic

 

 

Exports

 

27280

 

 

801

 

43826

 

 

1351

 

61%

 

 

69%

 

128506

 

 

7179

 

173289

 

 

8141

 

35%

 

 

13%

Total

28081

45177

61%

135685

181430

34%

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.

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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

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