Mahindra Tractors Registers a Growth of 70% in the Domestic Market
Mumbai: Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES) is a part of the USD 17.8 billion Mahindra Group. Company announced its tractor sales numbers for September 2016.
Against 17,052 units during September 2015, domestic sales in September 2016 were at 29,035 units. Total tractor sales (domestic + exports) during September 2016 were at 30,562 units, as against 18,087 units for the same period last year. Exports for the month stood at 1,527 units.
"In September 2016 we had a strong growth of 70% over September 2015, with sales of 29,035 tractors in the domestic market. We expect the good momentum to continue with the upcoming festive season and the effect of a good monsoon. In the export market, we sold 1,527 tractors with a growth of 48% over September 2015," said Rajesh Jejurikar, President and Chief Executive - Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd.
|FARM EQUIPMENT SECTOR