Thursday, July 18, 2019

Mahindra Tractors sells 13,931 units – March 2016

Friday, April 1, 2016

Mahindra & Mahindra Ltd.’s Farm Equipment Sector domestic sales in March 2016 were at 13,931 units, as against 10,392 units during March 2015. Total tractor sales (domestic + exports) during March 2016 were at 14,682 units, as against 12,254 units for the same period last year. Exports for the month stood at 751 units.

Commenting on the month’s performance, Rajesh Jejurikar, President and Chief Executive – Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, “We have sold 13,931 tractors in the domestic market during March 2016, which is a growth of 34% over last year. We expect the revival of the Agri economy in the current fiscal year (2016 – 17) with increased agricultural support extended by the government and the hope for favourable weather conditions. In the export market, we sold 751 tractors during March 2016′.

FARM EQUIPMENT SECTOR (vs PY)
Mar Cumulative Mar
F15 F16 %Change F15 F16 %Change
Domestic 10392 13931 34% 220157 202046 -8%
Exports 1862 751 -60% 13868 11545 -17%
Total 12254 14682 20% 234025 213591 -9%

Press Release : http://www.mahindra.com/news-room/press-release/Mahindra-Tractors-sells-13931-units-in-India-during-March-2016