hindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 16.9 billion Mahindra Group, today announced its sales numbers for October 2015.
Domestic sales in October 2015 stood at 27,280 units, as against 30,800 units during October 2014. Total tractor sales (domestic + exports) during October 2015 stood at 28081 units, as against 31907 units for the same period last year. Exports for the month stood at 801 units.
Commenting on the month’s performance, Rajesh Jejurikar, President and Chief Executive - Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, “We have sold 27,280 tractors in the domestic market during October 2015. We expect upcoming festive season will bring in improved sentiments and demand in coming month. Despite deficient monsoon this year, the late showers in last leg of monsoon are likely to improve sentiments for rabi sowing and hope of better second crop. In export markets we sold 801 tractors during October 2015.”
FARM EQUIPMENT SECTOR
| ||||||
Oct
|
Cumulative Oct
| |||||
F15
|
F16
|
%Change
|
F15
|
F16
|
%Change
| |
Domestic
|
30800
|
27280
|
-11%
|
160153
|
128506
|
-20%
|
Exports
|
1107
|
801
|
-28%
|
7461
|
7179
|
-4%
|
Total
|
31907
|
28081
|
-12%
|
167614
|
135685
|
-19%
|
*Exports include CKD units.
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