Mahindra tractor sales down 16 % in June to 25,090 units

Home-grown auto major Mahindra & Mahindra today reported a 16 per cent decline in its tractor sales at 25,090 units in June as against 29,884 units in the same month last year.

Domestic tractor sales in June stood at 23,899 units against 28,893 units in the year-ago month, down 17.28 per cent, the company said in a statement.

Exports during the month were at 1,191 units compared with 991 units last year, up 20.18 per cent, it added.

Commenting on the sales outlook, M&M Chief Operating Officer - Farm Division Harish Chavan said: "With a healthy spread of the monsoon and good sowing progress across the country, we are hopeful of a very good agricultural output, leading to improved market sentiments.