May 02, 2017.
Farm Equipment Sector (FES) of Mahindra & Mahindra announced the May 2017 month sale figures on its portal.
A total of 24,575 tractors have been sold in the month of May 2017 in domestic market which is 2427 units extra with an increase of 11% over same period last year.
Mr. Rajesh Jejurikar, President of FES division of a USD 17.8 billion Mahindra group commented about these figures and mentioned that company is on a steady growth year over year. The performance will further improve with the increased MSP (Minimum Support Price) for major crops.
This is worth noting that Mahindra recorded 3% increase in auto sector with 41,895 units in May 2017. The export dipped to 68% for the same period.