FCC

Mahindra tractor sales posts 18 per cent growth in Nov 2018

2018-12-06

Mahindra & Mahindra?s Farm Equipment Sector (FES) announced its tractor sales numbers for November 2018. Domestic sales in November 2018 were at 25,159 units, as against 21,271 units during November 2017. Total tractor sales (domestic and exports) during November 2018 were at 25,949 units, as against 22,994 units for the same period last year. Exports for the month stood at 790 units.

Commenting on the month?s performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra said, ?In November, Mahindra FES registered a volume of 25,159 tractors in the domestic market with a growth of 18 per cent. The total volume inclusive of exports stands at 25,949 tractors with a growth of 13 per cent. Retail demand remained positive through the festive season. We expect that government?s continued focus on rural and agri spends, and momentum on key crop prices will ensure the demand uptick for tractors continues into Q4 of the current fiscal.?