Mahindra’s Farm Equipment Sector sells 19,174 units in July 2019 (-11pc degrowth)

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), noted that domestic sales of tractors in July 2019 were at 19,174 units, as against 21,574 units during July 2018. This resulted in a 11 per cent drop in sales. Total tractor sales (domestic + exports) during July 2019 were at 19,992 units, as against 22,679 units for the same period last year. Exports for the month stood at 818 units.

Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 19,174 tractors in the domestic market during July 2019. We hope that the spread of monsoon, government initiatives to increase rural incomes through farm & non-farm sources and an overall improvement in liquidity will spur improvement in tractor demand during the second half of the year. In the export market, we have sold 818 tractors.”

*Exports include CKD