Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 16.2 billion Mahindra Group, today announced its tractor sales numbers for September 2013 which stood at 25,922 units in the domestic market, as against 18,908 units during September 2012, a growth of 37%. The company’s overall sales have also grown by 33%, standing at 26,637 units during September 2013 with exports at 715 units.
Speaking on the monthly performance, Rajesh Jejurikar, Chief Executive, Tractor and Farm Mechanization, Mahindra & Mahindra Ltd. said “On the back of a good monsoon, we are delighted with a 37% growth in tractor sales despite the traditionally low buying period in September. We see a healthy growth continuing over the next few months.”
About Mahindra
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
A USD 16.2 billion multinational group based in Mumbai, India, Mahindra employs more than 155,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
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.
Speaking on the monthly performance, Rajesh Jejurikar, Chief Executive, Tractor and Farm Mechanization, Mahindra & Mahindra Ltd. said “On the back of a good monsoon, we are delighted with a 37% growth in tractor sales despite the traditionally low buying period in September. We see a healthy growth continuing over the next few months.”
| FARM EQUIPMENT SECTOR | ||||||
| | September 2013 | Cumulative September 2013 | ||||
| | F 13 | F 14 | %Change | F 13 | F 14 | %Change |
| Domestic | 18908 | 25922 | 37% | 103358 | 128626 | 24% |
| Exports | 1177 | 715 | -39% | 6063 | 5215 | -14% |
| Total | 20085 | 26637 | 33% | 109421 | 133841 | 22% |
About Mahindra
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
A USD 16.2 billion multinational group based in Mumbai, India, Mahindra employs more than 155,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
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.
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