Mumbai, February 1, 2017: 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 January 2017.
Domestic sales in January 2017 were at 14,776 units, as against 14,402 units during January 2016. Total tractor sales (domestic + exports) during January 2017 were at 15,909 units, as against 15,065 units for the same period last year. Exports for the month stood at 1,133 units.
Commenting on the month’s performance, Rajesh Jejurikar, President & Chief Executive – Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, “We have sold 15,909 tractors during January 2017 with a growth of 6% over last year. We expect that positive environmental factors in terms of higher Rabi sowing and better MSPs will drive the demand in coming months. We sold 14,776 tractors and 1,133 tractors in the domestic and export markets respectively”.
| FARM EQUIPMENT SECTOR | ||||||
| January | Cumulative January | |||||
| F16 | F17 | %Change | F16 | F17 | %Change | |
| Domestic | 14402 | 14776 | 3% | 175413 | 216602 | 23% |
| Exports | 663 | 1133 | 71% | 9922 | 12046 | 21% |
| Total | 15065 | 15909 | 6% | 185335 | 228648 | 23% |
*Exports include CKD
About Mahindra
The Mahindra Group is a USD 17.8 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.
