Mahindra had sold 37,011 units of tractors in the same month last year

Mahindra & Mahindra (M&M) India’s leading farm equipment manufacturer has recently reported 17 per cent increase in total tractor sales at 43,386 units in September.

According to company officials, M&M had sold 37,011 units of tractors in the same month last year. Domestic tractor sales were at 42,361 units last month, as against 36,046 in September 2019, a growth of 18 per cent, it added. Exports last month stood at 1,025 units as compared to the year-ago period, up 6 per cent.

According to M&M President, Farm Equipment Sector Hemant Sikka said, “Retail demand continued to be buoyant backed by a very good monsoon, higher Kharif acreage and continued government support, including higher minimum support price (MSP) for key crops.” He further added, “We are looking forward to a very robust demand for the festive season ahead.”