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Mahindra & Mahindra Ltd’s Farm Equipment Sector (FES) today reported 7 per cent increase in total tractor sales at 14,158 units in August this year as against 13,234 in the same month last year.
Domestic tractor sales were up 9 per cent at 13,543 units during the month as against 12,394 units in the year—ago month, the company said in a statement.
Exports during the month stood at 615 units, down 27 per cent from 840 units in August last year.
Commenting on the monthly performance, Mahindra & Mahindra Ltd Chief Executive, Tractor and Farm Mechanisation Rajesh Jejurikar said: “We believe the kharif sowing having crossed the 1,000 lakh hectare mark, normal monsoons and prospects of the approaching festive season are clear indicators of stronger growth for the overall agricultural sector in the coming months.”
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