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Mahindra Tractors sales dip 18 percent in June

The domestic sales of Mahindra Tractors has dipped 18 percent in the month of June.
Mahindra Tractors sales dip 18 percent in June

The domestic sales of Mahindra Tractors, Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), has dipped 18 percent in the month of June 2015.

Domestic sales in June 2015 stood at 23,899 units, as against 28,893 units during the same period last year. Total tractor sales, including exports stood at 25,090 units, as against 29,884 units in June last year. However, exports for the month stood at 1,191 units, registering a growth of 20 percent.

About the monthly performance, Harish Chavan, Chief Operating Officer – Farm Division, Mahindra & Mahindra, said, “We have registered a sale of 23,899 tractors during June 2015 in the domestic market. With a healthy spread of the monsoon and good sowing progress across the country, we are hopeful of a very good agricultural output, leading to improved market sentiments. At Mahindra, we continue to see a positive trend in our tractor exports which has grown by 20 percent during the last month.”

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