Mahindra Tractors' sales records 61% rise in October

Home-grown auto major Mahindra and Mahindra on Wednesday reported 60.88% jump in total tractor sales at 45,177 units in October this year.

The company had sold 28,081 units in the same month last year.

It sales in the domestic tractor market were up 60.65% to 43,826 units in October as against 27,280 units in the year-ago month, the company said in a Bombay Stock Exchange (BSE) filing.

Exports during the month zoomed by 68.66% to 1,351 units as compared with 801 units in the year-ago month.

On sales outlook, M&M President and Chief Executive, Farm Equipment and Two-wheeler Division, Rajesh Jejurikar said: "This season's rainfall has been normal resulting in healthy water levels in reservoirs. Expectations of good Kharif crop coupled with continued good sentiments will positively impact demand going forward.