Mahindra Tractors sells 27,280 units in India during October 2015

Mumbai, November 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 October 2015.

Domestic sales in October 2015 stood at 27,280 units, as against 30,800 ­­units during October 2014. Total tractor sales (domestic + exports) during October 2015 stood at 28081 units, as against 31907 units for the same period last year. Exports for the month stood at 801 ­­­­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 27,280 tractors in the domestic market during October 2015. We expect upcoming festive season will bring in improved sentiments and demand in coming month. Despite deficient monsoon this year, the late showers in last leg of monsoon are likely to improve sentiments for rabi sowing and hope of better second crop. In export markets we sold 801 tractors during October 2015.”

 

FARM EQUIPMENT SECTOR

 

Oct

Cumulative Oct

 

F15

F16

%Change

F15

F16

%Change

 

 

 

 

 

 

 

Domestic

30800

27280

-11%

160153

128506

-20%

 

 

 

 

 

 

 

Exports

1107

801

-28%

7461

7179

-4%

 

 

 

 

 

 

 

Total

31907

28081

-12%

167614

135685

-19%

*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 16.9 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 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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For further 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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