Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 16.7 billion Mahindra Group, today announced its tractor sales numbers for January 2014. The sales stood at 19,389 units in the domestic market, as against 16,402 units in January 2013, a growth of 18%. The company’s overall sales have also grown by 15% standing at 20,109 units during January 2014.
Commenting on the monthly performance, Rajesh Jejurikar, Chief Executive, Tractor and Farm Mechanization, Mahindra & Mahindra Ltd. said, “We have achieved a cumulative domestic growth till January 2014 of 23 percent. This is primarily due to a bumper Kharif crop and the anticipation of a good Rabi crop. We expect the good run to continue for the rest of the quarter”.
|FARM EQUIPMENT SECTOR|
|January 2014||Cumulative January 2014|
|F 13||F 14||%Change||F 13||F 14||%Change|
*Exports include CKD units.