Mahindra tractor sales up 15% in Dec

Mahindra & Mahindra Ltd today reported 15 per cent increase in total tractor sales at 17,037 units in December.
The company had sold a total of 14,759 units in December 2012, M&M said in a statement.
Domestic tractor sales were up 19 per cent at 16,257 units during the month, as against 13,712 in the same month the previous year, it added.
Exports during December 2013 were down by 26 per cent to 780 units as against 1,047 units in the same month previous year, the company said.
M&M Ltd Chief Executive (Tractor and Farm Mechanisation) Rajesh Jejurikar said: "...At the end of the first nine months of the current fiscal year, we have achieved a domestic growth of 24 per cent. With expectations of a bumper Rabi crop, we believe we will see a double digit growth in the next three months. A continued shift towards greater mechanisation on farms will provide an impetus to sales.