Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the US$ 19 billion Mahindra Group, today announced its tractor sales numbers for May 2018.
Domestic sales in May 2018 were at 28,199 units, as against 24,710 units during May 2017. Total tractor sales (domestic + exports) during May 2018 were at 29,330 units, as against 25,749 units for the same period last year. Exports for the month stood at 1,131 units, the company said in a statement.
Speaking on the month’s performance, Rajesh Jejurikar, President – Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 28,199 tractors in the domestic market during May 2018, a growth of 14 percent over same month last year. We hope that the announcement of record production estimates for food grains and horticulture crops will drive positive sentiments and boost tractor demand. In the exports market, we have sold 1,131 tractors, a growth of 9 percent over May 2017.”
|Farm Equipment Sector|
The Mahindra Group is a US$ 19 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defence, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses.