Mahindra & Mahindra Ltd’s Farm Equipment Sector (FES) announced its tractor sales numbers for January 2018. Domestic sales in January 2018 were at 20,647 units, as against 14,776 units during January 2017. Total tractor sales (domestic + exports) during January 2018 were at 21,875 units, as against 15,909 units for the same period last year. Exports for the month stood at 1,228 units.
Commenting on the month’s performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd said, “We have sold 20,647 tractors in the domestic market during January 2018 with a growth of 40 per cent over last year. We believe that increased focus towards agriculture and rural infrastructure in the upcoming annual budget, coupled with good progress in Rabi sowing and improved MSP for Rabi crops, would lead to positive sentiments and drive demand in the coming months. In the exports market, we sold 1,228 tractors, a growth of 8 per cent over January 2017.”