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.”