Mahindra Tractors sells 20,819 units in India during November 2015

Mumbai, December 1, 2015: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 16.9 billion Mahindra Group, today announced its sales numbers for November 2015.

Domestic sales in November 2015 stood at 20,819 units, as against 14,207 ­­units during November 2014. Total tractor sales (domestic + exports) during November 2015 stood at 21,717 units, as against 15,333 units for the same period last year. Exports for the month stood at 898 ­­­­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 20,819 tractors in the domestic market during November 2015, which is growth of 47% over last year on the backdrop of improved sentiments due to festive season.  We hope for the rural economy to steadily revive going forward. In the export market, we sold 898 tractors during November 2015.”

 

FARM EQUIPMENT SECTOR (vs PY)

 

Nov

Cumulative Nov

 

F15

F16

%Change

F15

F16

%Change

 

 

 

 

 

 

 

Domestic

14207

20819

47%

174360

149325

-14%

 

 

 

 

 

 

 

Exports

1126

898

-20%

8587

8077

-6%

 

 

 

 

 

 

 

Total

15333

21717

42%

182947

157402

-14%

 

 

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 16.9 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 tractorsutility vehiclesinformation 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

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For enquiries please contact:

Mohan Nair

Senior General Manager (Communications)

Automotive & Farm Equipment Sectors

Office Direct Line – + 91 22 28468510

Office Email Address – nair.mohan@mahindra.com

 

 

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