Comments
Home-grown auto major Mahindra and Mahindra has reported 7 per cent increase in total tractor sales at 17,785 units in August this year against 16,641 units sold in the same month last year.
The company said in a BSE filing that domestic sales stood at 16,375 units against 15,356 units in the year-ago month, up 7 per cent. Exports during the month stood at 1,410 units against 1,285 units, a growth of 10 per cent.
“The announcement of higher minimum support price (MSP) for kharif crops will drive positive sentiments in the upcoming festive season. In the export market, we sold 1,410 tractors with a growth of 10 per cent over August 2017,” Rajesh Jejurikar, president of farm equipment sector, Mahindra and Mahindra, said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.