Mahindra’s Tractor Sales Decline 4% In October 2019
Mahindra’s tractor sales decline 4% in October 2019
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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 October 2019.
Domestic sales in October 2019 were at 44,646 units, as against 46,312 units during October 2018. Total tractor sales (Domestic + Exports) during October 2019 were at 45,433 units, as against 47,376 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 44,646 tractors in the domestic market during October 2019. The festive season has seen improvement in demand uptick. The retail momentum has been good in October with a healthy double digit growth compared to October last year. Higher reservoir levels, adequate soil moisture condition and an improved MSP of Rabi crop, augur well for tractor demand in the next few months. In the exports market, we have sold 787 tractors."