Mahindra sells 46,312 tractors in October, up 17%

Mahindra reports a 2 percent gain in exports by sending out 1,064 units.

Autocar Pro News Desk By Autocar Pro News Desk calendar 02 Nov 2018 Views icon19158 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Mahindra & Mahindra Farm Equipment Sector (FES), a part of the $ 20.7 billion (Rs 150,706 crore) Mahindra Group, today announced its tractor sales numbers for October 2018. Domestic sales in October 2018 were at 46,312 units, as against 39,516 units during October 2017. Total tractor sales (domestic + exports) during October 2018 were at 47,376 units, as against 40,562 units for the same period last year. Exports for the month stood at 1,064 units.

In the period of April to October, Mahindra sold 217,574 units in the domestic market, a YoY growth of 10 percent (198,474 units in the same period last year). Including the export, the total figure has been reported as 226,205 units which is 19,264 units more than the previous year figures.

Commenting on the month’s performance, Rajesh Jejurikar, president - Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 46,312 tractors in the domestic market during Oct 2018, a growth of 17 percent over last year. Demand gained momentum with the onset of the festival season. In the exports market, we sold 1,064 tractors in Oct 2018, a growth of 2 percent over last year. All our plants operated at full capacity, to help us meet the festive demand.”

Maruti Suzuki to launch new premium MPV on July 5

auther Autocar Pro News Desk calendar09 Jun 2023

Based on the Toyota Innova Hycross, Maruti Suzuki's new MPV will sit at the top of its line-up and is expected to be its...

IndianOil launches new Servo Hypersport F5 motorcycle engine oil

auther Autocar Pro News Desk calendar08 Jun 2023

New-generation fully synthetic multigrade lubricant designed for use on all bikes including the latest models complying ...

Maruti Suzuki launches Jimny SUV, priced at Rs 12.74 - 15.05 lakh

auther Autocar Pro News Desk calendar07 Jun 2023

The Jimny uses Maruti’s older K15B engine unlike the newer models that get the K15C engine.