Mahindra Tractor Sales Increase by 7 Percent in August 2018 Sales
Domestic sales for Mahindra were at 16,375 units as against 15,356 units in the year-ago month, up by 7 per cent.
Mahindra Logo. Image used for representative purpose. (Photo: Reuters)
Home-grown auto major Mahindra and Mahindra reported 7 percent increase in total tractor sales at 17,785 units in August this year. The company had sold 16,641 units in the same month last year, Mahindra and Mahindra said in a BSE filing. Domestic sales were at 16,375 units as against 15,356 units in the year-ago month, up by 7 percent, it added.
Exports during the month stood at 1,410 units as against 1,285 units in the same month last year, a growth of 10 percent, Mahindra and Mahindra said in a statement. Mahindra has also launched the much awaited Marazzo MPV in India at a starting price of Rs 9.99 Lakh (ex-showroom).
"The announcement of higher minimum support price (MSP) for Kharif crops will drive positive sentiments in the upcoming festive season. In the exports market, we sold 1,410 tractors with a growth of 10 percent over August 2017," Rajesh Jejurikar, president of farm equipment sector, Mahindra and Mahindra, said.
Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.
Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.
Recommended For You
- Did 'Sacred Games' 2 Have an Obvious, Glaring Error in its Season Finale Episode?
- Flipkart Begins Roll-out of Video Service: Here is Everything You Need to Know
- Airtel Forgot About The Home Bundle And Reliance Jio Fiber Has Stolen The March
- Instagram Users Can Report False Content And Expect Fact Checkers to Verify it
- Ashes 2019: Ponting Advises Warner to Take Aggressive Route Against Broad