Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES) has reported 13% growth in the sale of tractors for November 2018, compared to the same month last year.
Domestic sales in November 2018 were at 25,159 units, as against 21,271 units during November 2017, an increase of 18%
The total tractor sales (domestic and exports) during November 2018 were at 25,949 units, as against 22,994 units for the same period last year, up 13%. Exports for the month stood at 790 units as compared to 1,723 units in November 2017, a decline of 54%.
Rajesh Jejurikar, president - farm equipment sector, Mahindra & Mahindra Ltd., said: “Retail demand remained positive through the festive season. We expect that structural factors such as government’s continued focus on rural and agri spends and momentum on key crop prices will ensure the demand uptick for tractors continues into Q4 of the current fiscal.”