pennews
www.pennews.net
Mahindra’s FES Aug. 2019 sale down by 16.89 pc
Business

Mahindra’s FES Aug. 2019 sale down by 16.89 pc

Agency News

Mumbai, Sep 2 : Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES) has posted a decline of 16.89 pc in its total tractor sales (domestic + exports) during August 2019 at 14,817 units, as against 17,785 units for the same period last year.

Domestic sales in August 2019 were at 13,871 units, as against 16,375 units during August 2018. Exports for the month stood at 946 units.

Commenting on the performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 13,871 tractors in the domestic market during August 2019. The improved monsoon spread and sowing pattern for the Kharif crop is likely to help boost rural sentiment going into the festive season. The recently announced fiscal measures by the Government may also provide the necessary stimulus for tractor demand uptick. In the exports market, we have sold 946 tractors." (UNI)