M&M tractor posts 21% growth in domestic sales

Tractor major Mahindra & Mahindra has posted a 21 per cent growth in domestic sales in February 2020 at 21,877 units, as against 18,105 units during the previous corresponding period.

Total tractor sales (Domestic + Exports) during February 2020 were at 22,561 units, as against 18,978 units for the same period last year, a growth of 19%. Exports for the month stood at 684 units.

Commenting on the performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “The tractor demand trend is expected to strengthen on the back of a robust Rabi output and the prevailing crop prices. Going forward, the increase in rural and agri spending on core schemes by the Government should augur well for the industry. In the exports market, we have sold 684 tractors”.