Mumbai,September 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 August 2019.
Domesticsales in August 2019 were at 13,871 units,as against 16,375 units duringAugust 2018. Total tractor sales (domestic + exports) during August2019 were at 14,817 units, asagainst 17,785 units for the sameperiod last year. Exports for the month stood at 946units.
Commentingon the performance, Rajesh Jejurikar,President - Farm Equipment Sector, Mahindra & Mahindra Ltd.said,“We have sold 13,871 tractors in the domestic marketduring August 2019. The improved monsoon spread and sowing patternfor the Kharif crop is likely to help boost rural sentiment goinginto the festive season. The recently announced fiscal measures bythe Government may also provide the necessary stimulus for tractordemand uptick. In the exports market, we have sold 946 tractors.”
*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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