Mahindra FES register 14% domestic growth

MAHINDRA & Mahindra Ltd’s Farm Equipment Sector (FES), a part of the USD 19 billion Mahindra Group, have sold 28,199 units in India during May 2018.

Domestic sales in May 2018 were at 28,199 units, as against 24,710 units during May 2017. Total tractor sales (domestic + exports) during May 2018 were at 29,330 units, as against 25,749 units for the same period last year. Exports for the month stood at 1,131 ­­units.

Commenting on the month’s performance, Rajesh Jejurikar, president, Farm Equipment Sector, Mahindra & Mahindra Ltd said, We have sold 28,199 tractors in the domestic market during May 2018, a growth of 14 per cent over the same month last year. We hope that the announcement of record production estimates for food grains and horticulture crops will drive positive sentiments and boost tractor demand. In the exports market, we have sold 1,131 tractors, a growth of 9% over May 2017.”

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