Mahindra & Mahindra’s Farm Equipment Sector (FES) announced its tractor sales numbers for May 2019. Domestic sales in May 2019 were at 23,539 units, as against 28,199 units during May 2018. Total tractor sales (domestic and exports) during May 2019 were at 24,704 units, as against 29,330 units for the same period last year. Exports for the month stood at 1,165 units.
Commenting on the performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 23,539 tractors in the domestic market during May 2019. The tractor demand has been lower than expected in the month of May. We hope that a strong push by the government on agri initiatives coupled with a near normal monsoon forecast by IMD would boost the tractor demand in the near future. In the exports market, we have sold 1,165 tractors, a growth of three per cent over May 2018.”