Commercial Vehicles Mahindra CVs

Mahindra Tractors 22% sales increase for November 2012

Tractor sales of Mahindra and Mahindra’s Farm Equipment Sector experienced a 22% increase during the month of November 2012. The company sold 19,757 units in domestic markets thus maintaining their leadership position in tractor industry. Reaching a sales figure of 19,757 in November 2012 as against 16,175 in November 2011 resulted in a 22%YoY growth. Taking both domestic sales and exports into account Mahindra Tractors sold 20,476 units in November 2012 as compared to 17,527 units in November 2011, a growth of 17%.

M&M farm equipment sector exported 719 units during the month under review while total vehicle sales during the same month rose 18% to 48,143 units as compared to 40,722 units in November 2011. Stocks also perked up as M&M worked towards taking on the iconic British car company Aston Martin. Talks between the two sides over strategic stake in the UK car company have been boosted while M&M have also received endorsement from Unite, UK’s biggest labor union.

However, auto analysts are still uncertain over the fit between M&M’s tractors, their boxy utility vehicles and the sleek and luxurious Aston Martin and further results of talks or finalization of contract are awaited.

About the author

Nabanita Singha Roy

Nabanita Singha Roy

Love for a red car has with experience transformed to a detailed outlook for around the clock news from Nabanita Singha Roy. Starting out as auto blogger in 2009, her inextricable editorial approach guarantees diverse storylines for a widely enthusiastic automotive readership.

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