Mahindra & Mahindra’s FES Monthly sales numbers for August 2013

Mahindra Sales Figures for Aug 2013

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Added in: Mahindra

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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 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”.

FARM EQUIPMENT SECTOR

August  ‘13

Cumulative August ‘13

F 13F 14%ChangeF 13F 14%Change
Domestic

12394

13543

9%

84450

102704

22%

Exports

840

615

-27%

4886

4500

-8%

Total

13234

14158

7%

89336

107204

20%

 

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