Mahindra & Mahindra's Farm Equipment Sector (FES), a part of the USD 19 billion Mahindra Group, today announced its tractor sales numbers for July 2017 the total tractor sales (domestic + exports) growth by 7.29% to 18,832 units, as against 17,553 units for the same period last year.
Domestic sales in July 2017 were at 17,682 units, as against 16,452 units during July 2016. Exports for the month stood at 1,150 units.
Rajesh Jejurikar, President-Farm Equipment Sector, Mahindra & Mahindra, said, "We have sold 17,682 tractors in the domestic market during July 2017, a growth of 7% over last year. With a good spread of the monsoon followed by kharif sowing which has been greater than the previous year, we expect the positive sentiment to continue during this season and boost tractor demand. In the exports market, we sold 1150 tractors."
Shares of the company gained Rs 21.5, or 1.53%, to trade at Rs 1,423.50. The total volume of shares traded was 175,404 at the BSE (2.06 p.m., Tuesday).