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M&M Tractor Sales Up By 12 Percent In July
Chennai, August 1 (IANS) Mahindra & Mahindra Ltd Thursday said it closed last month selling 18,469 tractors, 12 percent up as compared to the same period of the previous year. In a statement, the company said it sold 17,771 units in the domestic market as against 15,595 units in July 2012.
On the other hand, the company witnessed 32 percent fall in its export sales last month. M&M shipped out 698 tractors last month as against 1,026 units in July 2012. "The second quarter of FY 2013 has begun well and we are happy with our domestic volume of 17,771 units and 15 percent growth achieved in July 2013. The monsoon this year has been normal, which augurs well for the farm sector. A revival in agri-production will provide greater impetus to the economy amidst the overall slowdown," the statement quoted Rajesh Jejurikar, chief executive, tractor and farm mechanisation at M&M, as saying.
IANS
About Mahindra
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
A USD 16.2 billion multinational group based in Mumbai, India, Mahindra employs more than 155,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
In 2012, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. In 2013, the Mahindra Group received the Financial Times ‘Boldness in Business' Award in the ‘Emerging Markets' category.
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