Mahindra Tractors clocks 24% sales growth in May 2013
Mumbai, June 3, 2013: Mahindra & Mahindra’s Farm Equipment Sector (FES) has sold a total of 23,626 tractors in May 2013 as against 19,016 units in May 2012, a growth of 24 percent.
Speaking on the performance, Rajesh Jejurikar, chief executive, Tractor and Farm Mechanization, Mahindra & Mahindra (pictured above), said, “We are delighted with the 24 perrcent growth during May 2013 and are happy to have achieved a consistent growth over the last two months which we are sure will have a positive impact on the overall tractor industry. The prospect of a good monsoon would also add buoyancy to the farmers’ morale and lead to a stronger growth for the overall agricultural sector”.
Exports during May 2013 were 1,155 units, a 16 percent growth over May 2012.
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