Mahindra Tractors sells 16257 units in domestic...
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 December 2013 which stood at 16257 units in the domestic market, as against 13712 units during December 2012, a growth of 19%. The company's overall sales have also grown by 15%, standing at 17037 units during December 2013. The exports for the month stood at 780 units.
Mumbai, January 1, 2014: 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 December 2013 which stood at 16257 units in the domestic market, as against 13712 units during December 2012, a growth of 19%. The company's overall sales have also grown by 15%, standing at 17037 units during December 2013. The exports for the month stood at 780 units.
Speaking on the sector's monthly performance, Rajesh Jejurikar, Chief Executive, Tractor and Farm Mechanization, Mahindra & Mahindra Ltd. said, "I am happy to share that at the end of the first 9 months of the current fiscal year, we have achieved a domestic growth of 24%. With expectations of a bumper Rabi crop, we believe we will see a double digit growth in the next 3 months.
A continued shift towards greater mechanization on farms will provide an impetus to sales." The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
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In 2012, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. In 2013, the Mahindra Group received the Financial Times 'Boldness in Business' Award in the 'Emerging Markets' category.