Mumbai,November 1, 2019: Mahindra & Mahindra Ltd.’s FarmEquipment Sector (FES), a part of the USD 20.7 billion Mahindra Group, today announced its tractor sales numbers for October 2019.
Domesticsales in October 2019 were at 44,646 units,as against 46,312 units during October 2018. Total tractor sales (Domestic + Exports) during October2019 were at 45,433 units, asagainst 47,376 units for the sameperiod last year. Exports for the month stood at 787 units.
Commentingon the performance, Rajesh Jejurikar,President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said,“We have sold 44,646 tractors inthe domestic market during October 2019. The festive season has seenimprovement in demand uptick. The retail momentum has been good inOctober with a healthy double digit growth compared to October lastyear. Higher reservoir levels, adequate soil moisture condition andan improved MSP of Rabi crop, augur well for tractor demand in thenext few months. In the exports market, we have sold 787 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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