Mahindra FES sees 17% domestic sales growth in October

Mahindra FES sees 17% domestic sales growth in October
Mahindra & Mahindra’s Farm Equipment Sector (FES) sales for domestic as well as exports during October 2018 were at 47,376 units, as against 40,562 units for the same period last year

Registering a 17 percent growth in October 2018, Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the USD 20.7 billion Mahindra Group, sold 46,312 tractors in domestic market as against 39,516 units during October 2017. Total tractor sales domestic as well as exports during October 2018 were at 47,376 units, as against 40,562 units for the same period last year. Exports for the month stood at 1,064 units, the tractor manufacturing company announced recently.

Highlighting the month’s performance, Rajesh Jejurikar, President – Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 46,312 tractors in the domestic market during Oct 2018, a growth of 17 percent over last year. Demand gained momentum with the onset of the festival season. In the exports market, we sold 1,064 tractors in Oct 2018, a growth of 2 percent over last year. All our plants operated at full capacity, to help us meet the festive demand.”

Mahindra’s Farm Equipment Sector Sales

October Cumulative October
F18 F19 %Change F18 F19 %Change
Domestic 39516 46312 17% 198474 217574 10%
Exports 1046 1064 2% 8467 8631 2%
Total 40562 47376 17% 206941 226205 9%

 

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