Mahindra tractor sales fall 22% in August at 11,699 units

Home-grown auto major Mahindra & Mahindra today reported a 22.03 per cent decline in its tractor sales at 11,699 units in August as against 15,006 units in the same month last year.

Domestic tractor sales in August stood at 10,751 units against 13,733 in the year-ago month, down 21.71 per cent, the company said in a statement.

Exports during the month were at 948 units compared with 1,273 last year, down 25.53 per cent, it added.

On sales outlook, M&M President & Chief Executive - Farm Equipment and Two Wheeler division Rajesh Jejurikar said: "There's a monsoon deficit so far. We are hopeful that improved rainfall in the remaining period would infuse a positive sentiment for the coming season.