Total tractor sales (domestic + exports) during May 2014 stood accounted for 23940 units, as against 23626 units over May 2013, eqauting to 1% sales increase. Performance was on a decline on the export front with 808 units as compared to 1155 units sold in May 2013. Exports include CKD units.
Commenting on the monthly performance, Rajesh Jejurikar, Chief Executive, Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, “We have registered a sale of 23132 tractor units in the domestic market during May 2014. We do hope that the onset of monsoon would add buoyancy to the farmers’ morale and lead to growth in the agricultural sector”.
|Farm Equipment Sector|
|F 14||F 15||%Change||F 14||F 15||%Change|
Part of the $16.5 billion Mahindra Group, apart from Farm Equipment Sector, group businesses include agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler sector.