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Mahindra Tractors registers 9% growth

Source : IBNS
Last Updated: Tue, Sep 03, 2013 09:02 hrs

Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the USD 16.2 billion Mahindra Group, announced its tractor sales numbers for August 2013 which stood at 13543 units in the domestic market as against 12394 units during August 2012, a growth of 9%.

The company's overall sales have also grown by 7% standing at 14158 units during August 2013.

Exports for the month of August 2013 stood at 615 units.

Speaking on the monthly performance, Rajesh Jejurikar, Chief Executive, Tractor and Farm Mechanization, Mahindra & Mahindra Ltd., said, "Our domestic growth of 9% in August 2013 and consistent performance over the last five months is heartening.



"We believe the Kharif sowing having crossed the 1000 lac hectare mark, normal monsoons and prospects of the approaching festive season are clear indicators of stronger growth for the overall agricultural sector in the coming months."

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