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Mahindra’s Farm Equipment Sector Sells 20,414 Units in India during November 2019

Mumbai, December 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 November 2019.

Domestic sales in November 2019 were at 20,414 units, as against 25,159 units during November 2018. Total tractor sales (Domestic + Exports) during November 2019 were at 21,032 units, as against 25,949 units for the same period last year. Exports for the month stood at 618 units.

Commenting on the performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 20,414 tractors in the domestic market during November 2019. With Government support on Agri and rural sector and a healthy reservoir levels due to the above normal monsoon, we expect a good Rabi output in the coming months. This will generate positive sentiment and drive growth, going forward. In the exports market, we have sold 618 tractors."

  FARM EQUIPMENT SECTOR
  November Cumulative November
  F19 F20 %Change F19 F20 %Change
Domestic 25159 20414 -19% 242733 217064 -11%
Exports 790 618 -22% 9421 7571 -20%
Total 25949 21032 -19% 252154 224635 -11%

*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.
Landline – + 91 22 28468510
Office Email Address - nair.mohan@mahindra.com