Mahindra tractor sales dip 13pc in fiscal 2015
Date: 01 Apr 2015
Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES)
has registered a 13 pc dip in sales for the fiscal 2014-15, as it sold 2,34,023
units compared to 2,67,635 units sold the previous year
Domestic sales for the year declined 14pc to 220157 units
from 257271 units in fiscal 2013-14.
Exports, however, climbed by 34 pc to 13,866 units in fiscal 2015 as compared
to 10364 units in fiscal 2014.
Total tractor sales (domestic + exports) during March 2015
stood at 12,254 units, as against 17,673 units for the same period last year. Domestic
sales in March 2015 stood at 10,392 units, as against 16,571 units during March
2014. Exports for the month stood at 1,862 units, registering a growth of 69%.
Commenting on the monthly performance, Rajesh Jejurikar,
President & Chief Executive, Farm Equipment and Two Wheeler Division,
Mahindra & Mahindra Ltd. said, “We have registered a sale of 10,392 units during
March 2015. The unseasonal rains and hailstorms have adversely affected market
sentiments. We have adjusted dealer inventory in Q4 of F15 to align to market
conditions. At Mahindra, this has been a record year for exports with March ‘15
seeing the highest ever exports in a single month with 1,862 tractors, a growth
of 69pc over the same period last year.”
|
|
March 2015
|
Cumulative March
|
|
|
F14
|
F15
|
%Change
|
F14
|
F15
|
%Change
|
|
Domestic
|
16571
|
10392
|
-37%
|
257271
|
220157
|
-14%
|
|
Exports
|
1102
|
1862
|
69%
|
10364
|
13866
|
34%
|
|
Total
|
17673
|
12254
|
-31%
|
267635
|
234023
|
-13%
|
*Exports include CKD units.