Mahindra Tractors sells 19,389 units in the domestic market during January 2014, registers 18% growth

Mumbai, 1 February, 2014: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 16.7 billion Mahindra Group, today announced its tractor sales numbers for January 2014.

The sales stood at 19,389 units in the domestic market, as against 16,402 units in January 2013, a growth of 18%. The company’s overall sales have also grown by 15% standing at 20,109 units during January 2014.

mahindra tractor salesCommenting on the monthly performance, Rajesh Jejurikar, Chief Executive, Tractor and Farm Mechanization, Mahindra & Mahindra Ltd. said, “We have achieved a cumulative domestic growth till January 2014 of 23%. This is primarily due to a bumper Kharif crop and the anticipation of a good Rabi crop. We expect the good run to continue for the rest of the quarter.”

 

 

FARM EQUIPMENT SECTOR

January  2014

Cumulative January 2014

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

16402

19389

18%

182101

224147

23%

Exports *

1071

720

-33%

9593

8222

-14%

Total

17473

20109

15%

191694

232369

21%

*Exports include CKD units.