Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the U.S. $6.7 billion Mahindra Group, significantly consolidated its leadership position in the tractor industry in May 2008.

Domestic sales of tractors of M&M Ltd., Punjab Tractors Ltd. and Mahindra Gujarat Tractors Ltd. in May 2008, together totalled 11879 nos., a growth of 29% over the corresponding month last year. During this fiscal, FES’s cumulative sales grew by 19% in the domestic market while total sales including exports grew by 26% in May ‘08, and 16% cumulatively.

“After a steady start in April, sales in May have been driven by the success of new models launched at the end of last year as well as the very successful re-launch of the Arjun series. As a result, M&M Ltd.’s tractor sales this month have grown by 19% in the domestic market. The total sales of Punjab Tractors have shown excellent improvement with a growth of 76% over May 2007 and a cumulative growth this fiscal of 78%. Mahindra Gujarat Tractors has also improved total sales in the month by 31%,” said Mr. Anjanikumar Choudhari, President – Farm Equipment Sector, Mahindra & Mahindra Ltd.

Sourced From: Adfactors Public Relations Pvt Ltd

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