Mahindra Farm Equipment Sector sells 39,226 units in India during October 2017

Registers 14% domestic growth during the season (September and October, 2017)

Mumbai, November 1, 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 October 2017.

Domestic sales in October 2017 were at 39,226 units, as against 43,826 units during October 2016. Total tractor sales (domestic + exports) during October 2017 were at 40,262 units, as against 45,177 units for the same period last year. Exports for the month stood at 1,036 ¬¬units.

Commenting on the month’s performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 39,226 tractors in the domestic market during October 2017. In the combined season of September and October 2017, we achieved record sales of 83,226 units. Our revised growth outlook for the domestic industry is 12%-14% for this year. In the exports market, we sold 1,036 tractors"

 

FARM EQUIPMENT SECTOR

 

October

Cumulative October

 

F17

F18

%Change

F17

F18

%Change

 

 

 

 

 

 

 

Domestic

43826

39226

-10%

173289

197332

14%

 

 

 

 

 

 

 

Exports

1351

1036

-23%

8141

8374

3%

 

 

 

 

 

 

 

Total

45177

40262

-11%

181430

205706

13%


*Exports include CKD

About Mahindra

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.

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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