Mumbai,October 1, 2019: Mahindra & Mahindra Ltd.’s FarmEquipment Sector (FES), a part of the USD 20.7 billion MahindraGroup, today announced its tractor sales numbers for September 2019.
Domesticsales in September 2019 were at 36,046 units,as against 35,953 units during September 2018. Total tractor sales (Domestic + Exports) during September 2019 were at 37,011 units,as against 37,581 units for thesame period last year. Exports for the month stood at 965 units.
Commentingon the performance, Rajesh Jejurikar, President - Farm EquipmentSector, Mahindra & Mahindra Ltd. said, “We have sold 36,046 tractors in the domestic market during September 2019. Goodmonsoons, reservoir levels and crop prices are all positives goinginto the festive season. The recent disruption caused by heavy rainshas had an impact on short term demand. We believe that thefundamentals are in place for improved momentum over the comingmonths. In the export market, we have sold 965 tractors.”
*Exports include CKD
|Farm Equipment Sector |
TheMahindra Group is a USD 20.7 billion federation of companiesthat enables people to rise through innovative mobility solutions,driving rural prosperity, enhancing urban living, nurturing newbusinesses and fostering communities. It enjoys a leadership positionin utility vehicles, information technology, financial services andvacation ownership in India and is the world’s largest tractorcompany, by volume. It also enjoys a strong presence inagribusiness, aerospace, commercial vehicles, components, defense,logistics, real estate, renewable energy, speedboats and steel,amongst other businesses. Headquartered in India, Mahindra employsover 2,40,000 people across 100 countries.
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