Mahindra Farm Equipment Sector (FES) tractor sales (domestic) are reported at 23,539 units, down 17 percent from 28,199 units sold during May 2018. Total tractor sales (domestic + exports) during May 2019 stood at 24,704 units, down from 29,330 units sold in May 2018. Exports for the month stood at 1,165 units, up marginally at 3 percent from 1,131 units sold in May 2018.
Rajesh Jejurikar, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 23,539 tractors in the domestic market during May 2019. The tractor demand has been lower than expected in the month of May. We hope that a strong push by the Government on agri initiatives coupled with a near-normal monsoon forecast by IMD would boost the tractor demand in the near future. In the exports market, we have sold 1,165 tractors, a growth of 3% over May 2018.”