Domestic tractor sales in May stood at 18,245 units against 23,132 units in the year-ago month, down 21.12 per cent, the company said in a statement.
Exports during the month were at 1,012 units compared with 808 units last year, up 25.24 per cent, it added.
M&M President and Chief Executive (Farm Equipment and Two-Wheeler Division) Rajesh Jejurikar said: "For the tractor industry, the upcoming monsoon will be the primary trigger and we are hopeful of a good monsoon which will have a positive impact on pent-up demand thereby leading to improved market sentiments.
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