Monday, 2 April 2018

Mahindra’s Farm Equipment Sector sells 26,958 units in India during March 2018

Registers 50% domestic growth for the month




Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES) announced its tractor sales numbers for March 2018.

Domestic sales in March 2018 were at 26,958 units, as against 17,973 units during March 2017. Total tractor sales (domestic + exports) during March 2018 were at 28,277 units, as against 19,337 units for the same period last year. Exports for the month stood at 1,319 units.

Commenting on the month’s performance, Mr. Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd., said: “In full year FY18, we have sold over 3 lakh tractors in India setting a new benchmark. The domestic sales in March 2018 were at 26,958 tractors with a growth of 50% 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.”

FARM EQUIPMENT SECTOR

March
Cumulative March

F17
F18
%Change
F17
F18
%Change







Domestic
17973
26958
50%
248409
301934
22%







Exports
1364
1319
-3%
14583
15449
6%







Total
19337
28277
46%
262992
317383
21%
*Exports include CKD

The Mahindra Group is a US$19 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defence, logistics, real estate, renewable energy, speedboats and steel, amongst other businesses. Headquartered in India, Mahindra employs over 2,40,000 people across 100 countries.

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