Mahindra's Farm Equipment Sector Sells 20,948 Units in India During January 2019

Mumbai, February 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 January 2019.

Domestic sales in January 2019 were at 20,948 units, as against 20,822 units during January 2018. Total tractor sales (domestic + exports) during January 2019 were at 22,212 units, as against 22,065 units for the same period last year. Exports for the month stood at 1,264 units.

Commenting on the month's performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 20,948 tractors in the domestic market during January 2019, a growth of 1% over last year. We believe that the increased focus on agriculture and rural infrastructure will drive positive sentiments and future demand. In the exports market, we sold 1,264 tractors, a growth of 2% over January 2018."

  Farm Equipment Sector
  January Cumulative January
  F18 F19 %Change F18 F19 %Change
Domestic 20822 20948 1% 257422 280191 9%
Exports 1243 1264 2% 13066 11579 -11%
Total 22065 22212 1% 270488 291770 8%

*Exports include CKD

About Mahindra

The Mahindra Group is a USD 20.7 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, defense, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,40,000 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

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