Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES)
announced that it had sold in March 2020 were 13,418 units of tractors as
against 18,446 units during March 2019. Total tractor sales (Domestic +
Exports) during March 2020 were at 13,613 units, as against 19,688 units for
the same period last year, thereby registering a 31 per cent fall in sales.
Exports for the month stood at 195 units.
Farm Equipment Sector (FD+SD+Gromax)
*Exports include CKD
Commenting on the performance, Rajesh Jejurikar, Executive
Director, Auto & Farm Equipment Sectors, Mahindra & Mahindra Ltd. said,
“We have sold 13,418 tractors in the domestic market during March 2020.The
month was disrupted as business was hugely impacted by the lockdown just before
the start of festive days in large parts of the country. In compliance with the
regulations, the anticipated retail surge and billing totally stopped in all
states. The Central Government has taken timely initiatives for the farming
community in the form of specific relief packages. We hope this will help bring
in momentum for tractor sales, after the lockdown ends. In the exports market, we have sold 195
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