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Mahindra Tractors sales grow 7% in August

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 20.7 billion Mahindra Group, Monday announced its tractor sales numbers for August 2018

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Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 20.7 billion Mahindra Group, Monday announced its tractor sales numbers for August 2018.

Domestic sales in August 2018 were at 16,375 units, as against 15,356 units during August 2017. Total tractor sales (domestic + exports) during August 2018 were at 17,785 units, as against 16,641 units for the same period last year. Exports for the month stood at 1,410 units.

Commenting on the month’s performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 16,375 tractors in the domestic market during August 2018 a growth of 7 percent over last year. The announcement of higher MSP (Minimum Support Price) for Kharif crops will drive positive sentiments in the upcoming festive season. In the exports market, we sold 1,410 tractors with a growth of 10 percent over August 2017.”

Farm Equipment Sector

 

August

 

 

Cumulative August

 

F18

F19

%Change

F18

F19

%Change

Domestic

15356

16375

7%

114738

135309

18%

Exports

1285

1410

10%

5853

5939

1%

Total

16641

17785

7%

120591

141248

17%

3 Votes with an average with 4.4

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