Mahindra’s Farm Equipment Sector registers 28% growth in July’20

Mahindra’s Farm Equipment Sector registers 28% growth in July’20
Total tractor sales -- domestic + exports -- during July 2020 were at 25,402 units, as against 19,992 units for the same period last year

Registering a 28 percent growth, Mahindra and Mahindra’s Farm Equipment Sector (FES) has sold 24,463 tractors in domestic market in July 2020 as against 19,174 units during July 2019, the India’s largest tractor manufacturing company has said in a statement Saturday.

Total tractor sales — domestic + exports — during July 2020 were at 25,402 units, as against 19,992 units for the same period last year.

Exports for the month stood at 939 units as against 818 tractors sold in the corresponding month last year.

Mahindra & Mahindra’s Tractor Sales

  July Cumulative July
  F20 F21 %Change F20 F21 %Change
Domestic 19174 24463 28% 102087 89040 -13%
Exports 818 939 15% 4255 2019 -53%
Total 19992 25402 27% 106342 91059 -14%
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