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Mahindra and Mahindra recorded a spike of 4% in its tractor sales for January 2020 by selling 23,116 units in the previous month. This increase comes in comparison to the 22,212 units that the company sold in the same month in 2019.
As per the company’s release, tractor exports for the company reduced by 38%, with 787 units being sold.
In a statement, Rajesh Jejurikar, President, Farm Equipment Sector, Mahindra and Mahindra Ltd., said, “We have sold 22329 tractors in the domestic market during January 2020 with a growth of 7 per cent over last year. The tractor demand is likely to see positive momentum, led by the expectations of a good Rabi output & the Government’s renewed focus on rural sector through higher allocation as announced in the Union budget.”
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