Mahindra tractor sales up 7% at 17,785 units in August

Home-grown auto major Mahindra and Mahindra Monday reported 7 per cent increase in total tractor sales at 17,785 units in August this year.

The company had sold 16,641 units in the same month last year, Mahindra and Mahindra said in a BSE filing.

Domestic sales were at 16,375 units as against 15,356 units in the year-ago month, up by 7 per cent, it added.

Exports during the month stood at 1,410 units as against 1,285 units in the same month last year, a growth of 10 per cent, Mahindra and Mahindra said in a statement.

"The announcement of higher minimum support price (MSP) for Kharif crops will drive positive sentiments in the upcoming festive season. In the exports market, we sold 1,410 tractors with a growth of 10 per cent over August 2017," Rajesh Jejurikar, president of farm equipment sector, Mahindra and Mahindra, said.