Mahindra Tractors sales in February 2014 stand at 16,552 units for domestic market

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Added in: Mahindra

mahindra-tractor-sales-in-february-2014

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 16.7 billion Mahindra Group, today announced its tractor sales numbers for February 2014. The sales were at 16,552units in the domestic market, as against 13,944units in February 2013, a growth of 19%. The company’s overall sales have also grown by 18%, reaching 17,592 units during February 2014.

Commentingon the monthly performance, Rajesh Jejurikar, Chief Executive, Tractor and Farm Mechanization, Mahindra & Mahindra Ltd. said, “We have achieved a cumulative domestic growth of 23% till February 2014.  Tractor demand for FY14 till date has been robust due to a favorable monsoon and higher minimum support prices. The shortage of labour at farms has given a boost to mechanization resulting in higher demand for tractors.

FARM EQUIPMENT SECTOR

 

February 2014

Cumulative February 2014

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

13944

16552

19%

196045

240699

23%

Exports *

917

1040

13%

10510

9262

-12%

Total

14861

17592

18%

206555

249961

21%