Mahindra Tractors registers 9pc growth
Mahindra and Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the USD 16.2 billion Mahindra Group, announced its tractor sales numbers for August 2013 which stood at 13543 units in the domestic market as against 12394 units during August 2012, a growth of 9pc .
The company's overall sales have also grown by 7pc standing at 14158 units during August 2013.
Exports for the month of August 2013 stood at 615 units.
Speaking on the monthly performance, Rajesh Jejurikar, Chief Executive, Tractor and Farm Mechanization, Mahindra and Mahindra Ltd., said, "Our domestic growth of 9pc in August 2013 and consistent performance over the last five months is heartening.
"We believe the Kharif sowing having crossed the 1000 lac hectare mark, normal monsoons and prospects of the approaching festive season are clear indicators of stronger growth for the overall agricultural sector in the coming months."
(Posted on 03-09-2013)