Mahindra tractor sales report 18 pct growth in February

Mar 01 2014, 18:22 IST
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We have achieved a cumulative domestic growth of 23 per cent till February, says Rajesh Jejurikar. We have achieved a cumulative domestic growth of 23 per cent till February, says Rajesh Jejurikar.
SummaryWe have achieved a cumulative domestic growth of 23 per cent till February, says Rajesh Jejurikar.

Mahindra Group's tractor arm today reported an 18 per cent growth in sales at 17,592 units in February, driven by a favourable monsoon and higher minimum support prices. The company had sold 14,861 units in February 2013, it said in a release here.

The domestic sales grew 19 per cent to 16,552 units as against 13,944 a year ago.

The exports also logged a 13 per cent growth at 1,040 units, compared with 917 units shipped out in February 2013.

"Tractor demand for the current fiscal till date has been robust due to a favourable monsoon and higher minimum support prices," Mahindra & Mahindra chief executive for Tractor and Farm Mechanisation Rajesh Jejurikar said.

The shortage of labour at farms has given a boost to mechanisation, resulting in higher demand for tractors, he said, adding, "we have achieved a cumulative domestic growth of 23 per cent till February."

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