Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the U.S. $6.7 billion Mahindra Group, significantly consolidated its leadership position in the tractor industry in July 2008.
For the month of July 2008, domestic sales of tractors of Mahindra & Mahindra Ltd. were 6451 nos., a growth of 1% and exports during the month were 1024 nos., a growth of 65% over the corresponding month last year. Total sales (domestic + exports) for the month were 7475 nos., a growth of 7% over the corresponding month last year.
Cumulatively, during this fiscal, Mahindra & Mahindra tractors sales in the domestic market were 34455 nos., a growth of 9% while total sales including exports were 37581 nos., a growth of 10% compared to the corresponding April – July quarter last year.
About The Mahindra Group
The US $6.7 billion Mahindra Group is among the top 10 industrial houses in India. Mahindra is the market leader in multi-utility vehicles in India It made a milestone entry into the passenger car segment with the Logan. Mahindra & Mahindra is the only Indian company among the top tractor brands in the world.
The Group has a leading presence in key sectors of the Indian economy, including the financial services, trade, retail and logistics, automotive components, after-market, information technology and infrastructure development. Mahindra is now poised to make an entry in the two-wheeler segment.
Mahindra's Farm Equipment Sector has recently won the Japan Quality Medal, the only tractor company worldwide to be bestowed this honour. It also holds the distinction of being the only tractor company worldwide to win the Deming Prize. The US based Reputation Institute recently ranked Mahindra among the top 10 Indian companies in its Global 200: The World's Best Corporate Reputation list.
