Mumbai, September 1, 2017: Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the USD 19 billion Mahindra Group, today announced its tractor sales numbers for August 2017.
Domestic sales in August 2017 were at 15,246 units, as against 12,327 units during August 2016. Total tractor sales (domestic + exports) during August 2017 were at 16,516 units, as against 13,543 units for the same period last year. Exports for the month stood at 1,270 units.
Commenting on the month's performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 15,246 tractors in the domestic market during August 2017, a growth of 24% over last year. With the normal monsoon received in the country till date, we are hopeful that it will boost the agricultural output leading to improved tractor demand in the festive months. In the exports market, we sold 1270 tractors."
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 has 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, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.