Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the U.S. $15.9 billion Mahindra Group, maintained its leadership position in the tractor industry in November 2012.
Domestic sales in November 2012 stood at 19,757 units vs.16,175 units during November 2011, a year-over-year growth of 22%. Total tractor sales (domestic + exports) in November 2012 stood at 20,476 units, compared to 17,527 units for the same period last year, a growth of 17%. Exports for the month of November 2012 stood at 719 units.
A USD 15.9 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000 people in over 100 countries. In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India's Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow. In 2011, Mahindra acquired a majority stake in Korea's SsangYong Motor Company. www.mahindra.com