In India, Mahindra Tractors Sells 12,702 units in February 2016.
Mumbai: Mahindra & Mahindra Ltd. Farm Equipment Sector (FES), a part of the USD 16.9 billion Mahindra Group, announced its sales numbers for February 2016.
Domestic sales during February 2015 is at 10,267 units, as against 10,267 units during February 2015. During February 2016 total tractor sales (domestic + exports) stood at 13,574 units, as against 11,437 units for the same period last year. Exports for the month stood at 872 units.
"We have sold 12,702 tractors in February 2016 in the domestic market registering a growth of 24%. We believe that the increased allocation for agriculture and rural infrastructure in this annual budget coupled with increased MSP for Rabi crops would generate positive sentiment and drive growth going forward. In exports we sold 872 units during the last month," said Rajesh Jejurikar, President and Chief Executive - Farm Equipment and Two Wheelers, Mahindra & Mahindra Ltd. while commenting on the month's performance.