U.S. retail sales for 2WD tractors under 40 horsepower gained 21.2% in August compared to a 6.3% decline in July, with year-to-date sales up 11.0%, according to the Assn. of Equipment Manufacturers.
Sales of under 40-horsepower tractors jumped 23% in October compared to 1 year ago and are up 8.1% for the year-to-date, according to the Assn. of Equipment Manufacturers.
The Hindu Business Line reported on February 14 that Mumbai, India-based Mahindra & Mahindra posted a 9.3% increase in net profit for the third quarter ended December 31. Overall, the company sold 76,362 tractors during the period, an increase of 22.1% vs. the same period one year ago.
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.
Mahindra & Mahindra`s Farm Equipment Sector, a part of the USD $15.4 billion Mahindra Group, announced the total tractor sales in September 2012 came in at 20,085 units vs. 24,673 units for the same period last year, a decline of 18.6%.
According to the Association of Equipment Manufacturers' (AEM) monthly "Flash Report," sales of all tractors in the U.S. for April 2012 were up considerably compared to the same month last year.
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