Mahindra Tractors sells 14,776 units in India during January 2017

Mumbai, February 1, 2017: 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 January 2017.

Domestic sales in January 2017 were at 14,776 units, as against 14,402 ¬¬units during January 2016. Total tractor sales (domestic + exports) during January 2017 were at 15,909 units, as against 15,065 units for the same period last year. Exports for the month stood at 1,133 units.

Commenting on the month’s performance, Rajesh Jejurikar, President & Chief Executive - Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, “We have sold 15,909 tractors during January 2017 with a growth of 6% over last year. We expect that positive environmental factors in terms of higher Rabi sowing and better MSPs will drive the demand in coming months. We sold 14,776 tractors and 1,133 tractors in the domestic and export markets respectively”.

 

FARM EQUIPMENT SECTOR

 

January

Cumulative January

 

F16

F17

%Change

F16

F17

%Change

 

 

 

 

 

 

 

Domestic

14402

14776

3%

175413

216602

23%

 

 

 

 

 

 

 

Exports

663

1133

71%

9922

12046

21%

 

 

 

 

 

 

 

Total

15065

15909

6%

185335

228648

23%

About Mahindra

The Mahindra Group is a USD 17.8 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

Media contact information:
Mohan Nair
Vice President (Communications)
Mahindra & Mahindra Ltd.
Office Direct Line – + 91 22 28468510
Office Email Address – nair.mohan@mahindra.com

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