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Mahindra’s Farm Equipment Sector Sells 19,174 Units in India during July 2019

Mumbai, August 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 July 2019.

Domestic sales in July 2019 were at 19,174 units, as against 21,574 units during July 2018. Total tractor sales (domestic + exports) during July 2019 were at 19,992 units, as against 22,679 units for the same period last year. Exports for the month stood at 818 units.

Commenting on the performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 19,174 tractors in the domestic market during July 2019. We hope that the spread of monsoon, government initiatives to increase rural incomes through farm & non-farm sources and an overall improvement in liquidity will spur improvement in tractor demand during the second half of the year. In the export market, we have sold 818 tractors."

  FARM EQUIPMENT SECTOR
  July Cumulative July
  F19 F20 %Change F19 F20 %Change
Domestic 21574 19174 -11% 118934 102087 -14%
Exports 1105 818 -26% 4529 4255 -6%
Total 22679 19992 -12% 123463 106342 -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 - nair.mohan@mahindra.com