Mumbai, December 1, 2015: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 16.9 billion Mahindra Group, today announced its sales numbers for November 2015.
Domestic sales in November 2015 stood at 20,819 units, as against 14,207 units during 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. Exports for the month stood at 898 units.
Commenting on the month’s performance, Rajesh Jejurikar, President and Chief Executive – Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, “We have 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.”
| FARM EQUIPMENT SECTOR (vs PY) | ||||||
| Nov | Cumulative Nov | |||||
| F15 | F16 | %Change | F15 | F16 | %Change | |
| Domestic | 14207 | 20819 | 47% | 174360 | 149325 | -14% |
| Exports | 1126 | 898 | -20% | 8587 | 8077 | -6% |
| Total | 15333 | 21717 | 42% | 182947 | 157402 | -14% |
About Mahindra
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
A USD 16.9 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
In 2015, Mahindra & Mahindra was recognized as the Best Company for CSR in India in a study by the Economic Times. In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world’s largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category in 2013.
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