Skip to main content

With 24% growth, Mahindra sales 39,277 tractors in June

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

Related Category: Sub Category:

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

Domestic sales of the India’s largest tractor manufacturer company, in June 2018 were at 39,277 units, as against 31,660 units during June 2017. Total tractor sales domestic and exports during June 2018 were at 40,529 units, as against 33,093 units for the same period last year. Exports for the month stood at 1,252 units.

Commenting on the month’s performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 39,277 tractors in the domestic market during June 2018, a growth of 24 percent over last year. With the healthy spread of the monsoon across the country, we are hopeful of a good agricultural output, leading to improved market sentiment. In our export markets, we sold 1,252 tractors.”

FARM EQUIPMENT SECTOR

 

June

 

 

Cumulative June

 

F18

F19

%Change

F18

F19

%Change

Domestic

31660

39277

24%

81578

97360

19%

Exports

1433

1252

-13%

3415

3424

0%

Total

33093

40529

22%

84993

100784

19%

1 Votes with an average with 2

Related Story

Cabinet approves revised FRP for sugarcane

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved the Fair and Remunerative Price (FRP) of sugarcane for sugar season 2018-19 at Rs. 275 per…

Jana Bank to bring over 45 lakh customers into banking system

Jana Small Finance Bank today announced the commercial launch of its banking operations. In line with Government of India and Reserve Bank of India's 'Financial Inclusion' agenda, the transition…

Agriculture should be on top of the agenda of the Govt: VP

The Vice President of India, M. Venkaiah Naidu has said that agriculture is the backbone of Indian economy and it should be on the top of the agenda of the government. He was addressing the…