Mahindra Tractors sales increased by 22%, sold 16516 tractors in August

Mahindra Tractors sales increased by  22%, sold 16516 tractors in August

Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the USD 19 billion Mahindra Group, today announced its tractor sales numbers for August 2017.

Domestic sales in August 2017 were at 15,246 units, as against 12,327 units during August 2016. Total tractor sales (domestic + exports) during August 2017 were at 16,516 units, as against 13,543 units for the same period last year. Exports for the month stood at 1,270 units.

 

  FARM EQUIPMENT SECTOR
  Aug Cumulative Aug
  F17 F18 %Change F17 F18 %Change
Domestic 12327 15246 24% 100428 114106 14%
Exports 1216 1270 4% 5263 5775 10%
Total 13543 16516 22% 105691 119881 13%

 

 

Commenting on the month's performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 15,246 tractors in the domestic market during August 2017, a growth of 24% over last year. With the normal monsoon received in the country till date, we are hopeful that it will boost the agricultural output leading to improved tractor demand in the festive months. In the exports market, we sold 1270 tractors."

Source- Mahindra Press Releases

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