M&M tractor sales down 11% in April

Mahindra & Mahindra today reported 11% decline in total tractor sales at 20,731 units in April.

The company had sold 23,202 units in the same month last year, Mahindra & Mahindra said in a statement.

Domestic tractor sales in April 2014 stood at 19,895 units, against 22,196 units during April 2013, down 10%, it added.

Exports during the month stood at 836 units as compared to 1,006 units in April last year, down 17%.

Commenting on the monthly performance, Mahindra & Mahindra Chief Executive (Farm Equipment and Two Wheeler Division) Rajesh Jejurikar said, "Unseasonal rains and hail during March in some parts of the country has impacted sentiment leading to lower sales of tractors in April. We do hope that the onset of monsoon brings cheer to farmers and the agriculture industry alike.