Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), noted that domestic sales of tractors in July 2019 were at 19,174 units, as against 21,574 units during July 2018. This resulted in a 11 per cent drop in sales. Total tractor sales (domestic + exports) during July 2019 were at 19,992 units, as against 22,679 units for the same period last year. Exports for the month stood at 818 units.
Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 19,174 tractors in the domestic market during July 2019. We hope that the spread of monsoon, government initiatives to increase rural incomes through farm & non-farm sources and an overall improvement in liquidity will spur improvement in tractor demand during the second half of the year. In the export market, we have sold 818 tractors.”
Farm Equipment Sector
July
Cumulative July
F19
F20
%Change
Domestic
21574
19174
-11%
118934
102087
-14%
Exports
1105
818
-26%
4529
4255
-6%
Total
22679
19992
-12%
123463
106342
*Exports include CKD
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