“We are happy with the 38% growth which we have achieved during April 2013. We feel that this is on the back of improved market sentiments. In addition the expectation of a normal monsoon is clearly being seen as a positive indicator” said Rajesh Jejurikar, Chief Executive, Farm Equipment Sector, Mahindra & Mahindra Ltd.
Mahindra Tractors began FY14 on a positive note, with domestic sales in April 2013 showing a 38% growth for the first time since November 2012. The domestic sales stood at 22196 units, as against 16049 units during April 2012. Total tractor sales (domestic + exports) in April 2013 stood at 23202 units, as against 16800 units for the same period last year, registering a growth of 38%. Exports for the month of April 2013 stood at 1006 units, also showing a growth of 34% over April 2012.
April 2013
|
|||
F 13
|
F 14
|
%Change
|
|
Domestic
|
16049
|
22196
|
38%
|
Exports
|
751
|
1006
|
34%
|
Total
|
16800
|
23202
|
38%
|
About Mahindra Group
The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.
A USD 15.9 billion multinational group based in Mumbai, India, Mahindra employs more than 155,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.
In 2012, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. In 2013, the Mahindra Group received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category.
