Mahindra's Farm Equipment Sector sells 29,884 units in India during April 2018
Registers 19% domestic growth for the month
Mumbai, May 1, 2018: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 19 billion Mahindra Group, today announced its tractor sales numbers for April 2018.
Domestic sales in April 2018 were at 29,884 units, as against 25,208 units during April 2017. Total tractor sales (domestic + exports) during April 2018 were at 30,925 units, as against 26,151 units for the same period last year. Exports for the month stood at 1,041 units.
Commenting on the month’s performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 29,884 tractors in the domestic market during April 2018, a growth of 19% over same month last year. With the prediction of a normal monsoon we expect positive sentiments to continue and boost tractor demand in the coming months. In the exports market, we have sold 1,041 tractors, a growth of 10% over April 2017.”
|FARM EQUIPMENT SECTOR (FD+SD+GROMAX)|
*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 enjoys 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, aerospace, commercial vehicles, components, defence, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,40,000 people across 100 countries.
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