Mahindra tractor sales up 7% at 17,785 units in August

Home-grown auto major Mahindra and Mahindra Monday reported 7 percent increase in total tractor sales at 17,785 units in August this year.

The company had sold 16,641 units in the same month last year, Mahindra and Mahindra said in a BSE filing.

Domestic sales were at 16,375 units as against 15,356 units in the year-ago month, up by 7 percent, it added.

Exports during the month stood at 1,410 units as against 1,285 units in the same month last year, a growth of 10 percent, Mahindra and Mahindra said in a statement.

"The announcement of higher minimum support price (MSP) for Kharif crops will drive positive sentiments in the upcoming festive season. In the exports market, we sold 1,410 tractors with a growth of 10 percent over August 2017," Rajesh Jejurikar, president of farm equipment sector, Mahindra, and Mahindra, said.

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