Mahindra Posts Rise In May Tractor Sales

Indian farm equipment maker Mahindra Tractors reported a 42.56% rise in its total tractor sales in May at 13,500 units compared with 9,470 units in the same month last year, The Economic Times (India) reports.

The domestic sales last month grew by 45.84% selling 12,870 units compared to 8,825 units in the year-ago period, the company said in a statement. Exports, however, fell by 2.33% to 630 units from 645 units in the corresponding period last year.

The company said that as a consequence its merger with Punjab Tractors Ltd, effective August 1, 2008, total sales also include 3,848 units of the merged entity.