Mahindra and Mahindra recorded a growth in its November 2018 sales volume with the farm equipment sector posting a growth of 18% to 25,159 units in India. The total volume inclusive of exports stands at 25,949 tractors with a growth of 13.
Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd., said, “We expect that structural factors such as government's continued focus on rural and agri spends and momentum on key crop prices will ensure the demand uptick for tractors continues into Q4 of the current fiscal.”
Mahindra Automotive offers a wide range of mobility products and solutions ranging from SUVs, electric vehicles, pickups and commercial vehicles. The Mahindra Auto Sector witnessed a 17% growth in the month of November. While the domestic sales touched 41,564 vehicles during November 2018, registering a growth of 15%, exports for November 2018 stood at 3,537 vehicles, a growth of 40%.
Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “We have registered a double-digit growth in our overall sales. Going forward, we hope that the decrease in fuel prices and improving liquidity will drive demand for passenger vehicles.”