Ravindra Shahane, Head, Marketing, Tractor & Farm Mechanisation at M&M, also said the growth in tractor sales during the current financial year will be in the range of 5-7 per cent due to various factors such as delayed monsoons.
"Novo is not currently being exported. But we have a platform, where we can design products for exports. It will happen in due course. At this point of time, we are preparing new variants for exports on the Novo platform," he said at a press conference here.
He said the FES division sold 2.5 lakh tractors last year, including exports.
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