Mahindra tractors announced the May month sales data. According to the company press release, Mahindra sold 28,199 tractors in India during May 2018 month as compared to 24,710 tractors during May 2017 last year. This is a growth of 14 percent.
Total tractor sales (domestic + exports) during May 2018 were at 29,330 units, as against 25,749 units for the same period last year. Exports for the month stood at 1,131 units.
Commenting on the month’s performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 28,199 tractors in the domestic market during May 2018, a growth of 14% over same month last year. We hope that the announcement of record production estimates for food grains and horticulture crops will drive positive sentiments and boost tractor demand. In the exports market, we have sold 1,131 tractors, a growth of 9% over May 2017.”
The Mahindra Group is a USD 19 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defense, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,40,000 people across 100 countries.