Mahindra & Mahindra Farm Equipment Sector (FES), a part of the USD 16.5 billion Mahindra Group, today announced a fall of 35% in tractor sales for February 2015. Total tractor sales (domestic and exports) during February 2015 stood at 11,437 units, as against 17,593 units for the same period last year.

Domestic sales in February 2015 stood at 10,267 units, as against 16,553 units during February 2014.

Rajesh Jejurikar, chief executive, farm equipment and two wheeler division, Mahindra & Mahindra, said, ''We have registered a sale of 10,267 units during February 2015. With negative sentiments and low crop output during this period the industry continues to witness de-growth. At Mahindra, we have seen a positive trend in exports which have grown by 13% during February 2015.''

Shares of the company declined Rs 14.05, or 1.09%, to settle at Rs 1,277.45. The total volume of shares traded was 54,607 at the BSE (Monday).