New Delhi: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES) has reported 12 percent rise in its domestic tractor sales at 35,844 units in June 2020
India’s largest tractor maker sold 31,879 units during June 2019, as per a company release.
Total tractor sales (Domestic + Exports) during June 2020 were at 36,544 units, as against 33,094 units for the same period last year.
Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “This is our second highest June sales ever. The timely arrival of the south west monsoon, combined benefits of a record Rabi crop, Government support for Agri initiatives and very good progress in the sowing of the Kharif crop have led to positive sentiments among farmers.”
He further said that it is expected that this demand will continue to remain buoyant in the coming months.
Company’s export, however, saw a 42 percent decline at 700 units last month as against 1,215 units in the same month year ago.