Mahindra Tractors 20% sales growth for FY 2013-14

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES) continues to lead the Indian tractor industry through FY 2013–14. For the 12 month period, domestic sales stood at 257270 units, as against 211596 units during FY2012-13. Cumulative tractor sales (domestic + exports) during the financial year stood at 267634 units when compared to 223885 units for the same period last year.

ARJUN_ULTRA_605_MATExports for the FY ending March 31, 2014 stood at 10364 units. Domestic sales in March 2014 stood at 16571 units over 15551 units sold during March 2013. Tractor sales (domestic + exports) in March 2014 stood at 17673 units reporting 2% sales growth when compared with 17330 units in March 2013. Exports for March 2014 are reported to be 1102 units.

Rajesh Jejurikar, Chief Executive, Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, “We are happy to have achieved a growth of 22% for FY2013-14 in the domestic market. Tractor demand for the last financial year was robust due to a favourable monsoon and higher minimum support prices, resulting in good demand for tractors and overall positive sentiment.”

FARM EQUIPMENT SECTOR

 

March  2014

Cumulative March 2014

  F 13 F 14 %Change F 13 F 14 %Change
Domestic

15551

16571

7%

211596

257270

22%

Exports*

1779

1102

-38%

12289

10364

-16%

Total

17330

17673

2%

223885

267634

20%