M&M Tractors register growth in December sales

Mahindra & Mahindra Ltd's Farm Equipment Sector (FES), a part of the $16.7 billion Mahindra Group, on Thursday announced a growth of 19% in its tractor sales for December 2013 which stood at 16,257 units in the domestic market, as against 13,712 units during the previous year.

The company's overall sales have also grown by 15%, standing at 17037 units during December 2013. The exports for the month stood at 780 units.

Speaking on the sector’s monthly performance, Rajesh Jejurikar, Chief Executive, Tractor and Farm Mechanisation, Mahindra & Mahindra Ltd. said, “I am happy to share that at the end of the first 9 months of the current fiscal year, we have achieved a domestic growth of 24%. With expectations of a bumper Rabi crop, we believe we will see a double digit growth in the next 3 months. A continued shift towards greater mechanization on farms will provide an impetus to sales.”