Mahindra tractor sales report 18 pc growth in February

Tags: News
Mahindra Group's tractor arm today reported an 18 per cent growth in sales at 17,592 units in February, driven by a favourable monsoon and higher minimum support prices.

The company had sold 14,861 units in February 2013, it said in a release here.

The domestic sales grew 19 per cent to 16,552 units as against 13,944 a year ago.

The exports also logged a 13 per cent growth at 1,040 units, compared with 917 units shipped out in February 2013.

"Tractor demand for the current fiscal till date has been robust due to a favourable monsoon and higher minimum support prices," Mahindra & Mahindra chief executive for Tractor and Farm Mechanisation Rajesh Jejurikar said.

The shortage of labour at farms has given a boost to mechanisation, resulting in higher demand for tractors, he said, adding, "we have achieved a cumulative domestic growth of 23 per cent till February."

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Media obsession with his layoff smacks of lack of focus

    Pretty much like his abrupt vanishing act had done 50-odd days ago, Congress vice president Rahul Gandhi’s return on Thursday from a long and myster

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Varun Dutt

<b>Riskfactor</b>: Oblivious to reality

The hostile media effect, originally deemed the hostile media phenomenon, ...

Zehra Naqvi

Sensual wordplay

The student of literature looks for form and structure. The ...

Bubbles Sabharwal

The bitter cold heart of life

Life has a heart just as we do. Most times ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture