Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 16.2 billion Mahindra Group, recently announced its tractor sales numbers for October 2013 which stood at 37,532 units in the domestic market, as against 28,872 units during October 2012, a growth of 30%. The company’s overall sales have also grown by 29%, standing at 38,263 units during October 2013 as against 29,565 units in October 2012. Exports for the month stood at 731 units.
Speaking on the monthly performance, Rajesh Jejurikar, Chief Executive, Tractor and Farm Mechanization, Mahindra & Mahindra Ltd said, “The tractor industry continues to do well overall and has seen a healthy growth this fiscal. At Mahindra, we are happy to maintain a robust growth momentum with a 30% domestic growth during October 2013. This is on the back of a good monsoon, improved cash flows as well as greater mechanization”. A
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FARM EQUIPMENT SECTOR |
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|
October 2013 |
Cumulative October 2013 |
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|
F 13 |
F 14 |
%Change |
F 13 |
F 14 |
%Change |
|
|
Domestic |
28872 |
37532 |
30% |
132230 |
166158 |
26% |
|
Exports |
693 |
731 |
5% |
6756 |
5946 |
-12% |
|
Total |
29565 |
38263 |
29% |
138986 |
172104 |
24% |