Mahindra & Mahindra’s Farm Equipment Sector (FES) has reported sale of 27,170 units, as against 21,877 units during February 2020. This constitutes year on year growth of 24 percent (February 2020: 21,877).
Cumulative sales for the April 2020 to February 2021 period are 314,015 units, up 13% Yoy (April 2019-February 2020: 278,483)
Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra said, “Tractor demand continues to be robust with Rabi sowing at an all-time high, supported by healthy reservoir levels and higher liquidity with farmers, on account of timely and robust procurement of Kharif crops. The outlook for the industry continues to be positive given the all-time high estimates of Rabi production and strong rural cash flows. In the exports market, we have sold 976 tractors, a growth of 43% over last year.”