M&M tractor sales down 11 per cent in April

Mahindra & Mahindra today reported 11 per cent decline in total tractor sales at 20,731 units in April.

The company had sold 23,202 units in the same month last year, Mahindra & Mahindra said in a statement.

Domestic tractor sales in April 2014 stood at 19,895 units, against 22,196 units during April 2013, down 10 per cent, it added.

Exports during the month stood at 836 units as compared to 1,006 units in April last year, down 17 per cent.

Commenting on the monthly performance, Mahindra & Mahindra Chief Executive (Farm Equipment and Two Wheeler Division) Rajesh Jejurikar said, "Unseasonal rains and hail during March in some parts of the country has impacted sentiment leading to lower sales of tractors in April. We do hope that the onset of monsoon brings cheer to farmers and the agriculture industry alike."

EDITORIAL OF THE DAY

  • It’s time to shift sugarcane production to water abundant states of eastern India

    During the 10 years of UPA rule, the country was able to come out of the so-called sugar cycle — two years of surplus followed by two years of defic

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Tushar Gandhi

An unexplored side of rural enterprise

What is rural enterprise? Ask this qu­estion and 9 out ...

Rajgopal Nidamboor

Timeless idiom of mindful living

Each of us, according to scholar-historian Felipe Fernandez-Armesto, is familiar ...

Dharmendra Khandal

So, how do we define a 'vermin'?

These days there’s an ongoing debate whether to declare various ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture