Agriculture

Mahindra’s domestic tractor sales grow 4% in Dec 2019

Mahindra & Mahindra's Farm Equipment Sector (FES) announced its tractor sales numbers for December 2019 Thursday

Mahindra’s domestic tractor sales grow 4% in Dec 2019

Mahindra & Mahindra’s Farm Equipment Sector (FES) announced its tractor sales numbers for December 2019 Thursday.

Domestic sales in December 2019 were at 17,213 units, as against 16,510 units during December 2018. Total tractor sales – domestic and exports – during December 2019 were 17,990 units, as against 17,404 units for the same period last year. Exports for the month stood at 777 units.

Commenting on the performance, Rajesh Jejurikar, President – Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 17,213 tractors in the domestic market during December 2019 with a growth of 4 percent over last year. Tractor demand looks positive in the near term led by the expectation of a better Rabi output, supported by crop prices and government thrust on irrigation, rural infrastructure and agriculture sector. In the exports market, we have sold 777 tractors”.

Mahindra’s Tractor Sales December 2019 v/s December 2018

 

December

 

 

Cumulative December

 

F19

F20

%Change

F19

F20

%Change

Domestic

16510

17213

4%

259243

234277

-10%

Exports

894

777

-13%

10315

8348

-19%

Total

17404

17990

3%

269558

242625

-10%

 

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