Mahindra Farm Equipment Sector, part of the Mahindra Group has reported solid growth for its tractor sales, the company sold a total of 301,394 units, up 22 percent in the domestic market in FY 2017-2018.
The total tractor sales (domestic + exports) during the FY2017-2018 period was 317,383 units (+21%), as against 262,992 units compared to same period last year.
For the month of March 2018, the company sold a total of 28,277 units an increase of 46 percent. The domestic sales was 26,958 units (+50%) and exports 1,319 units (-3%)
Rajesh Jejurikar, president - Farm Equipment Sector, Mahindra & Mahindra said, “In full year FY 18, we have sold over 300,000 tractors in India setting a new benchmark. The domestic sales in March 2018 were at 26,958 tractors with a growth of 50 percent over the same month last year. We have seen a good momentum in Q4 and hope to see it continue next year too. In the exports market, we have sold 1,319 tractors.”