Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 17.8 billion Mahindra Group, today announced its tractor sales numbers for August 2016.
Domestic sales in August 2016 were at 12,327 units, as against 10,751 ¬¬units during August 2015. Total tractor sales (domestic + exports) during August 2016 were at 13,543 units, as against 11,699 units for the same period last year. Exports for the month stood at 1,216 units.
Commenting on the month’s performance, Rajesh Jejurikar, President and Chief Executive – Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, “We have sold 12,327 tractors in the domestic market during August 2016, with a growth of 15% over August 2015. The good monsoon has led to a growth in the Kharif sowing this year and we anticipate that the upcoming festive season will further boost demand in the coming months. In the export market, we sold 1,216 tractors with a growth of 28% over August 2015″.
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FARM EQUIPMENT SECTOR |
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August |
Cumulative August |
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F16 |
F17 |
%Change |
F16 |
F17 |
%Change |
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Domestic |
10751 |
12327 |
15% |
84174 |
100428 |
19% |
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Exports* |
948 |
1216 |
28% |
5343 |
5263 |
-1% |
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Total |
11699 |
13543 |
16% |
89517 |
105691 |
18% |
