Mahindra & Mahindra Farm Equipment Sector (FES), a part of the USD 16.5 billion Mahindra Group, today announced a fall 19.56% in tractor sales for May 2015. Total tractor sales (domestic and exports) during May 2015 stood at 19,257 units, as against 23,940 units for the same period last year.
Domestic sales in May 2015 stood at 18,245 units, as against 23,132 units during May 2014, registering a fall of 21%.
Shares of the company declined Rs 5.2, or 0.41%, to trade at Rs 1,255. The total volume of shares traded was 39,188 at the BSE (3.14 p.m., Monday).