Agriculture

Mahindra Tractors domestic sells decline 20 percent in April

Due to the unseasonal rains and hailstorms which have adversely affected the Rabi crop output Mahindra Tractors registered 15 percent decline in its domestic sales in April 2015
Mahindra Tractors domestic sells decline 20 percent in April

Due to the unseasonal rains and hailstorms which have adversely affected the Rabi crop output, Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the US$ 16.5 billion Mahindra Group, registered a 15 percent decline in its domestic sales in April 2015. The domestic sales stood at 17,006 units, as against 19,895 units during April 2014. Total tractor sales, including exports, during April 2015 stood at 18,011 units, as against 20,731 units for the same period last year. Exports for the month stood at 1,005 units, registering a growth of 20 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 17,006 units during April 2015. The unseasonal rains and hailstorms have adversely affected the Rabi crop output leading to negative market sentiments. At Mahindra, we have seen a positive trend in exports which have grown by 20 percent during April 2015.”

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