Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 16.2 billion Mahindra Group, today announced its tractor sales numbers for June 2013. The sales stood at 26,723 units in the domestic market, as against 22,493 units in June 2012, a growth of 19%. The company’s overall sales have also grown by 17% standing at 27,749 units during June. Exports for the month stood at 1,026 units.
Commenting on the monthly performance, Rajesh Jejurikar, Chief Executive, Tractor and Farm Mechanization, Mahindra & Mahindra Ltd. said, “We are extremely happy with our performance in the first quarter of FY 2014. The domestic growth of 19% achieved during June 2013 is indicative of the positive momentum this year. The improved Kharif crop output prospect is expected to spur the rural economy further.”
FARM EQUIPMENT SECTOR |
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June’13 |
Cumulative June’13 |
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F 13 |
F 14 |
% Change |
F 13 |
F 14 |
% Change |
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|
|
|
|
|
|
|
Domestic |
22493 |
26723 |
19% |
56561 |
71390 |
26% |
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|
|
|
|
|
|
Exports |
1272 |
1026 |
-19% |
3020 |
3187 |
6% |
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|
|
|
|
|
|
Total |
23765 |
27749 |
17% |
59581 |
74577 |
25% |