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 July 2016.
Domestic sales in July 2016 were at 16,452 units, as against 14,273 units during July 2015. Total tractor sales (domestic + exports) during July 2016 were at 17,553 units, as against 15,460 units for the same period last year. Exports for the month stood at 1,101 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 16,452 tractors in the domestic market during July 2016, with a growth of 15% over July 2015. With normal rainfall and its improved spread across India in the month of July, Kharif sowing has been more than last year. We hope for an improved agricultural output and tractor demand in the future. In the exports market, we sold 1,101 tractors during July 2016.”
| FARM EQUIPMENT SECTOR | ||||||
|---|---|---|---|---|---|---|
| July | Cumulative July | |||||
| F16 | F17 | %Change | F16 | F17 | %Change | |
| Domestic | 14273 | 16452 | 15% | 73423 | 88101 | 20% |
| Exports* | 1187 | 1101 | -7% | 4395 | 4047 | -8% |
| Total | 15460 | 17553 | 14% | 77818 | 92148 | 18% |
*Exports include CKD
