Mahindra LogoMahindra Logo

Mahindra’s Farm Equipment Sector Sells 22,329 Units in India during January 2020

Mumbai, February 1, 2020: 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 2020.

Domestic sales in January 2020 were at 22,329 units, as against 20,948 units during January 2019. Total tractor sales (Domestic + Exports) during January 2020 were at 23,116 units, as against 22,212 units for the same period last year. Exports for the month stood at 787 units.

Commenting on the performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 22329 tractors in the domestic market during January 2020 with a growth of 7% over last year. The tractor demand is likely to see positive momentum, led by the expectations of a good Rabi output & the Government’s renewed focus on rural sector through higher allocation as announced in the Union budget. In the exports market, we have sold 787 tractor."

  FARM EQUIPMENT SECTOR
  January Cumulative January
  F19 F20 %Change F19 F20 %Change
Domestic 20948 22329 7% 280191 256606 -8%
Exports 1264 787 -38% 11579 9135 -21%
Total 22212 23116 4% 291770 265741 -9%

*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]