Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 16.5 billion Mahindra Group, today announced its sales numbers for January 2015. Domestic sales in January 2015 stood at 13,852 units, as against 19,389 units during January 2014. Total tractor sales (domestic + exports) during January 2015 stood at 14,913 units, as against 20,109 units for the same period last year. Exports for the month stood at 1,061 units, registering a growth of 47%.
Commenting on the monthly performance, Rajesh Jejurikar, Chief Executive, Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, “We have registered a sale of 13,852 units during January 2015. The tractor industry has been going through a de-growth caused by reduced Kharif crop production and lower mandi prices. However at Mahindra, we have seen a positive trend in exports which have grown by 47% during January 2015.”
| Jan 2015 | Cumulative Jan | |||||
| F14 | F15 | %Change | F14 | F15 | %Change | |
| Domestic | 19389 | 13852 | -29% | 224147 | 199498 | -11% |
| Exports | 720 | 1061 | 47% | 8222 | 10836 | 32% |
| Total | 20109 | 14913 | -26% | 232369 | 210334 | -9% |