Mahindras Tractor Sales Subdued in February
Mahindra & Mahindra Ltd.’s Farm Equipment Sector, recently reported its tractor sales for February.
Domestic sales in February reached 18,105 units, which represents a 6.9 percent decrease compared to February 2018. Total tractor sales—domestic and exports combined—totaled 18,978 units in February, a decrease of about 8 percent.
“The tractor industry has remained subdued in February,” said Rajesh Jejurikar, president of Mahindra’s Farm Equipment Sector. “However, it is expected that positive sentiments associated with the recently executed direct beneficiary transfers to marginal farmers and other pro-rural initiatives by the government will help create momentum for tractor sales in the near term.”
Source: Ag Equipment Intelligence