Tuesday, Dec 1 2020 | Time 17:53 Hrs(IST)
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  • SC rejects Kerala govt's plea against CBI probe in Periya case
  • Mahindra’s Farm Equipment Sector Sells 31,619 Units in India during November 2020;Registers a growth of 55 pc
  • YES BANK re-energises YES Premia Program; offers bespoke services customized for key segments of the economy
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  • Talks between Govt, representatives of farmers' unions underway in Delhi
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  • UP: 38 29 pc turnout till 1400 hrs for 11 Legislative Council seats
  • Sensex ends lifetime high at 44,655 44 pts
  • Sun Pharma up by 5 51 pc to Rs 539 75
  • Over Rs 1 04 lakh Cr of gross GST revenue collected in Nov
States » East


Mahindra’s Farm Equipment Sector Sells 31,619 Units in India during November 2020;Registers a growth of 55 pc

Kolkata, Dec 01 (UNI) Mahindra & Mahindra Ltd’s Farm Equipment Sector (FES), a part of the USD 19.4 billion Mahindra Group, today announced its tractor sales numbers for November 2020.

Domestic sales in November 2020 were at 31,619 units, as against 20,414 units during November 2019.

Total tractor sales (Domestic + Exports) during November 2020 were at 32,726 units, as against 21,031 units for the same period last year.

Exports for the month stood at 1,107 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd said, “We have sold 31,619 tractors in the domestic market during November 2020, a growth of 55% over last year. Demand continues to be robust fueled by an excellent festive season with retails being strong during Dhanteras and Diwali. Rural sentiments remain positive on account of higher Kharif output and Rabi sowing.''
''Procurement operations for kharif are on full swing which would keep the rural cash flows healthy. Government’s focus on rural growth continues and outlay under Atmanirbhar Bharat 3.0 will provide further fillip to the industry. In the exports market, we have sold 1,107 tractors, a growth of 79% over last year.”
UNI SJC
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