Farm equipment giant Mahindra and Mahindra showed a spiking 47% growth in its tractor business this November. Festive season is said to be the major reason for this sales boost. In a company release Mahindra’s spokesperson said “Domestic sales in November 2015 stood at 20,819 units, as against 14,207 units during November 2014. Total tractor sales (domestic + exports) during November 2015 stood at 21,717 units, as against 15,333 units for the same period last year. Exports for the month stood at 898 units.”
Adding on to this Rajesh Jejurikar, President and Chief Executive – Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, “We have sold 20,819 tractors in the domestic market during November 2015, which is growth of 47 per cent over last year on the backdrop of improved sentiments due to festive season. “We hope for the rural economy to steadily revive going forward. In the export market, we sold 898 tractors during November 2015.”
Vaibhav Attree 