Mahindra & Mahindra tractors which is a 20.7 Billion USD company, shared the tractor sales data for India and export markets.
Mahindra sold total 23,539 tractors during May month, which was 28,199 for same month in 2018. Total volume including export stood at 24,704. Total volume for year 2018 was at 29,330 tractors.
Commenting on the performance, Rajesh Jejurikar, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 23,539 tractors in the domestic market during May 2019. The tractor demand has been lower than expected in the month of May. We hope that a strong push by the Government on agri initiatives coupled with a near normal monsoon forecast by IMD would boost the tractor demand in the near future. In the exports market, we have sold 1,165 tractors, a growth of 3% over May 2018.”