Mahindra Tractors Sells 13,733 Units in Domestic Market During August, 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 August 2014.

Domestic sales in August 2014 stood at 13733 units, as against ­­­­­­­­­­13543 units during August 2013. Total tractor sales (domestic + exports) during August 2014 stood at ­­­­­­­­­­15006 units, as against ­­­­­­­­­­14158 units for the same period last year. Exports for the month stood at ­­­­­­­­­­1273 units.

Commenting on the monthly performance, Rajesh Jejurikar, Chief Executive, Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd., “We have achieved a domestic growth of­­­­ 1% during August 2014. Deficient rainfall has disturbed the timely sowing of crops and impacted farmer sentiments. However, we hope that the approaching festive season will give a boost to the industry growth in the months to come.”

*Exports include CKD units.

About Mahindra:

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.

A USD 16.5 billion multinational group based in Mumbai, India, Mahindra employs more than 180,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services  and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.

In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world’s largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category in 2013.

Visit us at www.mahindra.com