Mahindra & Mahindra posts 19% growth in tractor sales for April

Carrying forward strong double digit growth momentum of FY-18, Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES) registered 19% growth in domestic sales in April of 2018.The company's domestic sales in April 2018 stood at 29,884 units, as against 25,208 units during April 2017. Total tractor sales (domestic + exports) during the period were at 30,925 units, as against 26,151 units for the same period last year. Exports for the month stood at 1,041 ­­units.Commenting on the month’s performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd., said: “We have sold 29,884 tractors in the domestic market during April 2018, a growth of 19% over same month last year. With the prediction of a normal monsoon we expect positive sentiments to continue and boost tractor demand in the coming months. In the exports market, we have sold 1,041 tractors, a growth of 10% over April 2017.”

from The Economic Times https://ift.tt/2jiu2ix