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Maindra & Mahindra Records 11% Growth in May 2017

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. 

Export stood at 1,024 units which account to total volume of 25,559 units all together for domestic and export. Total figure for May 2016 was at 23,018 tractors.

 
mahindra tractors india tractors
 
mahindra tractors
May month data
 

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.