Mahindra's Farm Equipment Sector Sells 13,871 Units in India during August 2019
Mumbai, September 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 August 2019.
Domestic sales in August 2019 were at 13,871 units, as against 16,375 units during August 2018. Total tractor sales (domestic + exports) during August 2019 were at 14,817 units, as against 17,785 units for the same period last year. Exports for the month stood at 946 units.
Commenting on the performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 13,871 tractors in the domestic market during August 2019.
The improved monsoon spread and sowing pattern for the Kharif crop is likely to help boost rural sentiment going into the festive season. The recently announced fiscal measures by the Government may also provide the necessary stimulus for tractor demand uptick. In the exports market, we have sold 946 tractors."