Mahindra sells 20,647 tractors in January, up 40%
Mahindra sees 40 percent uptick in sales in January 2018. The company expects the focus on rural infrastructure and agriculture will further add to increase in sales.
Mahindra Farm Equipment Sector, part of the Mahindra Group has reported solid growth for its tractor sales, the company sold 20,647 units in the domestic market in January 2018.
The total tractor sales (domestic + exports) during January 2018 was 21,875 units, as against 15,909 units for the same period last year. The exports for the month stood at 1,228 units.
Rajesh Jejurikar, president - Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 20,647 tractors in the domestic market during January 2018 with a growth of 40 percent over last year. We believe that increased focus towards agriculture and rural infrastructure in the upcoming annual budget, coupled with good progress in Rabi sowing and improved MSP for Rabi crops, would lead to positive sentiments and drive demand in the coming months. In the exports market, we sold 1,228 tractors, a growth of 8 percent over January 2017.”
RELATED ARTICLES
Uniproducts India targets 15% growth till FY2027, eyes new EV OEMs for NVH parts
The Noida-headquartered company, which is a leading manufacturer of roof liners, floor carpets, sound insulation materia...
Ford to build more EV software capability at Chennai tech hub
Ford Business Solutions India, which currently employs 12,000 personnel set to add 3,000 more; Ford, which is known to b...
ASK Automotive to set up JV with Aisin to sell aftermarket parts for cars
Ask Automotive will have 51% of the equity of the joint venture to be set up with Aisin Asia (Thailand) Company and Aisi...