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Mahindra s domestic tractor sales dip 37 percent in March

Mahindra s domestic tractor sales dip 37 percent in March while exports jump 69 percent
Mahindra s domestic tractor sales dip 37 percent in March

Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the USD 16.5 billion Mahindra Group, announced its sales numbers for March 2015.

Domestic sales in March 2015 stood at 10,392 units, as against 16,571 units during March 2014. Total tractor sales domestic and exports during March 2015 stood at 12,254 units, as against 17,673 units for the same period last year. Exports for the month stood at 1,862 units, registering a growth of 69 percent.

Commenting on the monthly performance, Rajesh Jejurikar, President & Chief Executive, Farm Equipment and Two Wheeler Division, Mahindra & Mahindra said, “We have registered a sale of 10,392 units during March 2015. The unseasonal rains and hailstorms have adversely affected market sentiments. We have adjusted dealer inventory in Q4 of FY15 to align to market conditions. At Mahindra, this has been a record year for exports with March ‘15 seeing the highest ever exports in a single month with 1,862 tractors, a growth of 69 percent over the same period last year.”

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity and increase business efficiency.  

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