Mahindra reports 1 pct rise in tractor sales during January

Mahindra & Mahindra Friday reported a 1 per cent increase in its total tractor sales at 22,212 units in January 2019. The company had sold 22,065 units in the year-ago month, Mahindra & Mahindra (M&M) said in a statement.

Domestic tractor sales were at 20,948 units last month as against 20,822 units in January 2018, up 1 per cent, it added. Exports were up 2 per cent last month at 1,264 units from 1,243 units in January 2018, the company said.

M&M President - Farm Equipment Sector Rajesh Jejurikar said, "We believe that the increased focus on agriculture and rural infrastructure will drive positive sentiments and future demand."

(With inputs from agencies.)