Mahindra & Mahindra (M&M) Farm Equipment Sector (FES), a part of the USD 19 billion Mahindra Group, on Friday announced its tractor sales numbers for November 2017.
Domestic sales in November 2017 were at 21,046 units, as against 15,918 units during November 2016. Total tractor sales (domestic + exports) during November 2017 were at 22,754 units, as against 17,262 units for the same period last year. Exports for the month stood at 1,708 units, a statement released by M&M said.
Commenting on the month’s performance, Rajesh Jejurikar, President – Farm Equipment Sector, Mahindra & Mahindra, was quoted as saying in the statement, “We have sold 21,046 tractors in the domestic market during November 2017, a growth of 32% over last year. Agriculture economy has experienced healthy monsoon, higher kharif production and improved MSPs (Minimum Support Prices). We expect the positive demand sentiment to continue. In the exports market, we sold 1,708 tractors with a growth of 27% over November 2016.”
Farm Equipment Sector
The Mahindra Group is a USD 19 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also has a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.