Mahindra Farm Equipment Sector registers 52% domestic growth over September 2016, achieving record month sales
Sold 44,000 tractor units in India during September 2017
Mumbai, October 3, 2017: Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the USD 19 billion Mahindra Group, today announced its tractor sales numbers for September 2017.
Domestic sales in September 2017 were at 44,000 units, as against 29,035 units during September 2016. Total tractor sales (domestic + exports) during September 2017 were at 45,563 units, as against 30,562 units for the same period last year. Exports for the month stood at 1,563 units.
Commenting on the month’s performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 44,000 tractors in the domestic market during September 2017, a growth of 52% over last year. With a good monsoon and improved Kharif production estimates, we expect the positive sentiments to continue through the festive season. In the exports market, we sold 1,563 tractors."
|FARM EQUIPMENT SECTOR|
*Exports include CKD
The Mahindra Group is a USD 19 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.
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