CHENNAI, India — Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the $16.9 billion Mahindra Group, recently announced that its domestic sales in November this year stood at 20,819 units, a 47% increase from 14,207 units it sold in November 2014.
Total tractor sales (domestic + exports) during November 2015 stood at 21,717 units, as against 15,333 units for the same period last year.
Commenting on the month's performance, Rajesh Jejurikar, president and chief executive, Farm Equipment and Two-Wheeler Division, Mahindra & Mahindra Ltd. said, "We sold 20,819 tractors in the domestic market during November 2015, which is growth of 47% over last year on the backdrop of improved sentiments due to festive season. We hope for the rural economy to steadily revive going forward. In the export market, we sold 898 tractors during November 2015."
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