Mahindra & Mahindra tractor sales up 38 % in April

M&M tractor
Mahindra & Mahindra on Wednesday reported a 38 per cent increase in its total tractor sales in April 2013 at 23,202 units on the back of improved market sentiments.

Mahindra had sold a total of 16,800 tractors in the same month previous year, the company said in a statement.

“We are happy with the 38 per cent growth during April. We feel that this is on the back of improved market sentiments,” Mahindra & Mahindra Ltd’s farm equipment sector chief executive Rajesh Jejurikar said.

In addition, the expectation of a normal monsoon is clearly being seen as a positive indicator, he added.

While the domestic sales increased by 38 per cent to 22,196 units, exports grew by 34 per cent to 1,006 units during April, the company said.

 

Source : NDTV Profit

http://profit.ndtv.com/news/industries/article-mahindra-mahindra-tractor-sales-up-38-per-cent-in-april-321660