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Mahindra’s Farm Equipment Sector Sells 44,646 Units in India during October 2019

    https://images.tractorgyan.com/uploads/1572595011-mahindra-tractor-sales-in October-tractorgyan.png

Domestic sales in October 2019 were at 44,646 units.

Mumbai, November1, 2019:Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 20.7 billion Mahindra Group, today announced its tractor sales numbers for October 2019.

Domestic  sales  in October2019  were  at 44,646 units,  as  against 46,312 units  during October2018. Total tractor sales (Domestic + Exports) during October2019 were at 45,433 units, as against 47,376 units for the same period last year. Exports for the month stood at 787units.

Commenting  on  the  performance, Rajesh  Jejurikar,  President -Farm  Equipment  Sector,  Mahindra  & Mahindra Ltd. said, “We have sold 44,646 tractors in the domestic market duringOctober 2019. The festive season  has  seen  improvement  in  demand  uptick.  The  retail  momentum  has  been  good  in  October  with  a healthy double digit growth compared to October last year. Higher reservoir levels, adequate soil moisture condition andan improved MSP of Rabi crop,augur well for tractor demand in the next few months. In the exports market, we have sold 787 tractors.”

October

               F19           F20         %Change
Domestic 46312       44646         -4% 
Exports   1064         787             -26%
Total        47376       45433         -4%

Cumulative October

               F19            F20         %Change
Domestic 217574       196650      -10% 
Exports   8631            6953        -19%
Total        226205       203603     -10%

About Mahindra

The  Mahindra  Group  is  a USD  20.7  billionfederation  of  companies  that  enables  people  to  rise  through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering  communities.  It  enjoys  a  leadership  position  in  utility  vehicles,  information  technology,  financial services  and  vacation  ownership in India and is the world’s largest tractor company, by volume.It  also enjoys a strong presence in agribusiness, aerospace, commercial vehicles, components, defense, logistics, real  estate,  renewable  energy,  speedboats  and  steel,  amongst  other  businesses.  Headquartered  in  India, Mahindra employs over 2,40,000 people across 100 countries.

Read More:
Escorts tractor sales jump 1.6% yoy in October
Mahindra achieved highest ever monthly sale of tractors in October

 

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