Mahindra tractors sales up 20% at 22,679 units in July

Mahindra & Mahindra (M&M) today reported 20 per cent increase in tractor sales at 22,679 units in July as against 18,957 units in the same month last year.

In the domestic market, tractor sales stood at 21,574 units as compared to 17,804 units in the same month a year ago, the company said in a statement.

Exports were however down 4 per cent at 1,105 units as against 1,153 units in the corresponding month last year, it added.

"With the normal monsoon leading to healthy reservoir water storage levels, we expect the positive sentiment to continue during this festive season and boost tractor demand," M&M President - Farm Equipment Sector Rajesh Jejurikar said.