M&M launches new Yuvraj 215 NXT in Rajkot

The 15 HP tractor is compact, easy to operate and fuel-efficient with low operating cost, making it ideal for small landholdings

Image
Vimukt Dave Rajkot
Last Updated : Aug 14 2014 | 1:11 AM IST
Mahindra and Mahindra Ltd. (M&M) rolled out its new Yuvraj 215 NXT in Rajkot on Wednesday. According to the company, this 15 HP tractor is compact, easy to operate and fuel-efficient with low operating cost, making it ideal for small landholdings.

"Our objective is to increase farm productivity and enhance rural prosperity. The Yuvraj 215 NXT is part of our vision to deliver 'FarmTech Prosperity' to farmers in Gujarat through its multiple application features," said Ravindra Shahane, vice-president, marketing, farm equipment sector, M&M Ltd.

The company said that due to its compact size and adjustable rear track width, the tractor is an ideal one for driving through narrow lanes and is suitable for spraying operations for crops like soybean, grapes, cotton, groundnut, sugarcane and fruit orchards.

Mahindra started producing its mini tractor in Rajkot in 2010. In its April-June quarter results, M&M reported a flat growth in tractor sales, selling 72,166 tractors in the domestic market compared to 71,696 tractors which it sold in the corresponding period of the previous financial year.

Delay in rains led to decline in sowing in the country, which is down by 18 percent, the company said, adding that it sees sales picking up in the second half of the year.

The company maintained its leadership in the tractor segment with a market share of 42.2 percent for the first quarter as against 41.4 percent in Q1 of the previous year.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 13 2014 | 8:54 PM IST

Next Story