Mahindra tractor sales up 2%

Company had sold 17,330 units in the same month of last year

Mahindra Group's tractor arm today reported 1.97% increase in sales at 17,673 units in March 2014.

It had sold 17,330 units in the same month of last year.

The domestic sales grew by 6.55% to 16,571 units as against 15,551 units in the year-ago period.

Its exports declined by 38.05% to 1,102 units, compared with 1,779 units shipped out in March 2013.

For the entire 2013-14 fiscal, Mahindra Tractor reported 19.54% increase in sales at 2,67,634 units compared with 2,23,885 units in the previous year.

"Tractor demand for the last financial year was robust due to a favourable monsoon and higher minimum support prices," M&M chief executive for Tractor and Farm Mechanisation Rajesh Jejurikar said.