Mumbai, March 1, 2012 — Mahindra & Mahindra's Farm Equipment Sector (FES) reports that domestic sales for its tractors in February came in at 14,341 units, compared with 18,134 tractors sold during February 2011. Total tractor sales (domestic + exports) in February 2012 stood at 15,316 units vs. 19,041 units for the same period last year. Exports for the month stood at 975 units, a growth of 7%.
For the period April 2011 to February 2012, the domestic sales stood at 205,810 units, representing an increase of 12%. The total cumulative sales for the period April 2011 to February 2012 stood at 218,047 units vs. 193,805 units for the same period last year, an increase of 13%.
About The Mahindra Group
The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.
A US $14.4 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000 people in over 100 countries.