January Auto Sales: M&M Tractor Sales Rise 4% At 23,116 Units

Mahindra and Mahindra clocks a 4 percent increase in tractor sales at 23,116 units in January.

PTI @PTI_News

01 Feb 2020, 04:01 PM IST

A farmer, right, watches another farmer, who has hired his newly purchased Mahindra 475 DI tractor manufactured by Mahindra & Mahindra Ltd., drive outside his home in the village of Kuragunda in Karnataka, India. (Photographer: Prashanth Vishwanathan/Bloomberg)

Mahindra and Mahindra Ltd. on Saturday reported a 4 percent increase in tractor sales at 23,116 units in January.

The company had sold 22,212 tractors in the same month last year. Domestic sales increased 7 percent to 22,329 units in January as compared with 20,948 units of tractor sold in the same month of 2019, the company said in a statement.

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However, exports declined 38 percent to 787 units in the previous month as compared with 1,264 units in January 2019, it said.

“We have sold 22,329 tractors in the domestic market during January with a growth of 7 percent over last year. The tractor demand is likely to see positive momentum, led by the expectations of a good Rabi output and the government’s renewed focus on rural sector through higher allocation as announced in the Union Budget,” M&M Farm Equipment Sector President Rajesh Jejurikar said.