M&M Tractors records 16% growth in Sales in August 2008

Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the U.S. $6.7 billion Mahindra Group, significantly consolidated its leadership position in the tractor industry in August 2008.

For the month of August 2008, domestic sales of tractors of Mahindra & Mahindra Ltd. were 7000 nos. as compared to 6011 nos. for the same period last year, a growth of 16% and exports during the month were 597 nos., as against 561 nos. for the same period last year, a growth of 6%. Total sales (domestic + exports) for the month were 7597 nos., as compared to 6572 nos. for the same period last year, a growth of 16%.

Cumulatively, during this fiscal, Mahindra & Mahindra tractors sales in the domestic market were 41455 nos., as compared to 37611 nos. for the April – August quarter last year, a growth of 10%. Total sales including exports were 45178 nos., as compared to 40850 nos. for to the corresponding April – August quarter last year, a growth of 11%.

About The Mahindra Group

The US $6.7 billion Mahindra Group is among the top 10 industrial houses in India. Mahindra is the market leader in multi-utility vehicles in India It made a milestone entry into the passenger car segment with the Logan. Mahindra & Mahindra is the only Indian company among the top tractor brands in the world.

The Group has a leading presence in key sectors of the Indian economy, including the financial services, trade, retail and logistics, automotive components, after-market, information technology and infrastructure development. Mahindra is now poised to make an entry in the two-wheeler segment.

Mahindra's Farm Equipment Sector has recently won the Japan Quality Medal, the only tractor company worldwide to be bestowed this honour. It also holds the distinction of being the only tractor company worldwide to win the Deming Prize. The US based Reputation Institute recently ranked Mahindra among the top 10 Indian companies in its Global 200: The World's Best Corporate Reputation list.