Mahindra Tractors sells 16379 units in domestic market during July 2014

Mahindra Tractors sells 16379 units in domestic
market during July 2014 

Mumbai, August 1, 2014: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 16.5 billion Mahindra Group, maintained its leadership position in the Indian tractor industry during July 2014.

Domestic sales in July 2014 stood at 16379 units, as against ­­­­­­­­­­17771 units during July 2013. Total tractor sales (domestic + exports) during July 2014 stood at ­­­­­­­­­­17407 units, as against ­­­­­­­­­­18469 units for the same period last year. Exports for the month stood at ­­­­­­­­­­1028 units.

Commenting on the monthly performance, Rajesh Jejurikar, Chief Executive, Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, "We have registered a sale of 16379 units during July 2014. A delay in the arrival of monsoon has led to late sowing and has impacted farmer sentiment leading to lower sales of tractors in July. We do hope that the rains picking up in the month of July across the country will give a boost to the farmers' morale and the agriculture industry alike". 

	FARM EQUIPMENT SECTOR
	July 2014			Cumulative July
	F14	F15	%Change	F14	F15	%Change
Domestic	17771	16379	-8%	89161	88299	-1%
Exports	698	1028	47%	3885	3663	-6%
Total	18469	17407	-6%	93046	91962	-1%

             *Exports include CKD units.