Mahindra & Mahindra Ltd. Farm Equipment Sector (FES), a part of the USD 16.9 billion Mahindra Group, today announced its sales numbers for February 2016.
Domestic sales in February 2016 stood at 12,702 units, as against 10,267 units during February 2015. Total tractor sales (domestic + exports) during February 2016 stood at 13,574 units, as against 11,437 units for the same period last year. Exports for the month stood at 872 units.
Commenting on the month's performance, Rajesh Jejurikar, President and Chief Executive - Farm Equipment and Two Wheelers, Mahindra & Mahindra Ltd. said, "We have sold 12,702 tractors in February 2016 in the domestic market registering a growth of 24%. We believe that the increased allocation for agriculture and rural infrastructure in this annual budget coupled with increased MSP for Rabi crops would generate positive sentiment and drive growth going forward. In exports we sold 872 units during the last month."