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Mahindra’s tractor sales drop 18% in September’ 18

During the first half of the financial year 2018-19, the Mahindra & Mahindra’s total tractor sales were at 1,78,829 units

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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 September 2018.

Domestic sales in September 2018 were at 35,953 units, as against 44,220 units during September 2017. Total tractor sales domestic along with exports during September 2018 were at 37,581 units, as against 45,788 units for the same period last year. Exports for the month stood at 1,628 units. During the first half of the financial year 2018-19, the company’s total tractor sales were at 1,78,829 units.

Highlighting the month’s performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 35,953 tractors in the domestic market during September 2018.The September numbers reflect the change in season compared to the same period last year. We expect positive momentum in the festive season, which starts in October. In the export markets, we sold 1,628 tractors”.

Farm Equipment Sector

 

September

 

 

Cumulative September

 

F18

F19

%Change

F18

F19

%Change

Domestic

44220

35953

-19%

158958

171262

8%

Exports

1568

1628

4%

7421

7567

2%

Total

45788

37581

-18%

166379

178829

7%

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