You are here: Home » Companies » News
Business Standard

M&M tractor sales rise 4% to 23,116 units in January, exports decline 38%

The company had sold 22,212 tractors in the same month last year

Mahindra and Mahindra

Press Trust of India  |  Mumbai 

mahindra and mahindra, M&M

(M&M) on Saturday reported a 4 per cent increase in tractor sales at 23,116 units in January.

The company had sold 22,212 tractors in the same month last year.

Domestic sales increased 7 per cent to 22,329 units in January as compared with 20,948 units of tractor sold in the same month of2019, the company said in a statement.

However, exports declined 38 per cent to 787 units in the previous month as compared with 1,264 units in January 2019, it said.

"We have sold 22,329 tractors in the domestic market during January with a growth of 7 per cent over last year. The tractor demand is likely to see positive momentum, led by the expectations of a good Rabi output and the government's renewed focus on rural sector through higher allocation as announced in the Union Budget," M&M Farm Equipment Sector President Rajesh Jejurikar said.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, February 01 2020. 15:25 IST