Mumbai, February 1, 2020: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 20.7 billion Mahindra Group, today announced its tractor sales numbers for January 2020.
Domestic sales in January 2020 were at 22,329 units, as against 20,948 units during January 2019. Total tractor sales (Domestic + Exports) during January 2020 were at 23,116 units, as against 22,212 units, as against 22,212 units for the same period last year. Exports for the month stood at 787 units.
Commenting on the performance, Rajesh Jejurikar,President - Farm Equipment Sector, Mahindra & Mahindra Ltd..said, “We have sold 22329 tractors in the domestic market during January 2020 with a growth of 7% over last year. The tractor demand is likely to see positive momentum, led by the expectations of a good Rabi output & the Government’s renewed focus on rural sector through higher allocation as announced in the Union budget. In the exports market, we have sold 787 tractor.”
*Exports include CKD
|Farm Equipment Sector
The Mahindra Group is a USD 20.7 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.
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