M&M tractor sales down 2% at 37,011 units in Sept; exports fall 41%


PTI | New Delhi | Updated: 01-10-2019 14:01 IST | Created: 01-10-2019 13:36 IST
M&M tractor sales down 2% at 37,011 units in Sept; exports fall 41%
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Mahindra & Mahindra (M&M) on Tuesday reported a 2 percent decline in total tractor sales at 37,011 units in September. The company had sold 37,581 units in the same month last year, M&M said in a regulatory filing.

Sales of tractors in the domestic market were marginally up at 36,046 units as compared to 35,953 units in the year-ago month, it added. However, exports declined 41 percent at 965 units as compared to 1,628 units in September 2018, the company said.

Commenting on the sales performance, M&M President - Farm Equipment Sector Rajesh Jejurikar said,"good monsoons, reservoir levels, and crop prices are all positives going into the festive season. The recent disruption caused by heavy rains has had an impact on short-term demand." He, however, added,"we believe that the fundamentals are in place for improved momentum over the coming months."

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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