M&M Farm Equipment Sales Growth At 9.2%, Exports Increase By Over 200 Units

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M&M FES reported sales of 14,047 units in December, 2016 against 12,868 units during the same time last year resulting in a growth of 9.2%.

  • Domestic Sales stood at 12,619 units against 11,686 units resulting in a growth of 8%
  • Exports stood at 1,428 units against 1,182 units resulting in a growth of 20.8%

Rajesh Jejurikar, President and Chief Executive – Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said:

In December 2016 we had a growth of 8% over December 2015, with sales of 12,619 tractors in the domestic market. With good progress in Rabi sowing and increased MSPs, we expect to see the growth momentum to continue in the coming months. In the export market, we sold 1,428 tractors with a growth of 21% over December 2015

Note: Sales numbers presented here are manufacturer reported sales numbers i.e. factory dispatches to dealerships. They are NOT retail sales figures to end customers.

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