Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES) announced its tractor sales numbers for May 2017 in which total sales (domestic + exports) were at 25,599 units, as against 23,018 units for the same period last year.
Domestic sales during May 2017 were at 24,575 units, as against 22,148 units during May 2016 whereas exports stood at 1,024 units.
Commenting on the month's performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 24,575 tractors in the domestic market during May 2017, a growth of 11% over last year. We hope that the announcement of record production estimates for major crops, coupled with higher MSP will drive positive sentiments and boost tractor demand in this season. In the exports market, we sold 1,024 tractors, a growth of 18% over May 2016".