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Mahindra Tractors sells 13733 units in domestic market during Aug

India Blooms News Service | | 01 Sep 2014, 11:07 pm
Mumbai, Sept 1 (IBNS): Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the USD 16.5 billion Mahindra Group, registered a domestic sales in August 2014, which stood at 13733 units, as against ­­­­­­­­­­13543 units during August 2013.

Total tractor sales (domestic + exports) during August 2014 stood at ­­­­­­­­­­15006 units, as against ­­­­­­­­­­14158 units for the same period last year.

Exports for the month stood at ­­­­­­­­­­1273 units.

Commenting on the monthly performance, Rajesh Jejurikar, Chief Executive, Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd., “We have achieved a domestic growth of­­­­ 1% during August 2014. Deficient rainfall has disturbed the timely sowing of crops and impacted farmer sentiments. However, we hope that the approaching festive season will give a boost to the industry growth in the months to come.”

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