Mahindra & Mahindra's Farm Equipment Sector has recorded 19% growth in tractor sales at 22561 units in February 2020 compared to 18978 units in February 2019. Total tractor sales includes domestic at 21877 units, higher by 21% over February 2019.
Commenting on the performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, We are happy to see a growth of 21% in domestic tractor sales over last year. We have sold 21,877 tractors in the domestic market during February, 2020. The tractor demand trend is expected to strengthen on the back of a robust Rabi output and the prevailing crop prices. Going forward, the increase in rural and agri spending on core schemes by the Government should augur well for the industry. In the exports market, we have sold 684 tractors.
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