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Mahindra's Farm Equipment Sector Sells 13,871 Units in India during August 2019

Mumbai, September 1, 2019: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 20.7 billion Mahindra Group, today announced its tractor sales numbers for August 2019.

Domestic sales in August 2019 were at 13,871 units, as against 16,375 units during August 2018. Total tractor sales (domestic + exports) during August 2019 were at 14,817 units, as against 17,785 units for the same period last year. Exports for the month stood at 946 units.

Commenting on the performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 13,871 tractors in the domestic market during August 2019. The improved monsoon spread and sowing pattern for the Kharif crop is likely to help boost rural sentiment going into the festive season. The recently announced fiscal measures by the Government may also provide the necessary stimulus for tractor demand uptick. In the exports market, we have sold 946 tractors."

  FARM EQUIPMENT SECTOR
  August Cumulative August
  F19 F20 %Change F19 F20 %Change
Domestic 16375 13871 -15% 135309 115958 -14%
Exports 1410 946 -33% 5939 5201 -12%
Total 17785 14817 -17% 141248 121159 -14%

*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 - [email protected]