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M&M’s farm equipment sector reports growth of 29% in October

01 Nov 2013 Evaluate

Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES), a part of the $16.2 billion Mahindra Group, has reported 29% growth in October 2013. Total tractor sales (domestic plus exports) in October 2013 stood at 38263 units, as against 29,565 units for the same month last year.

The sales stood at 37,532 units in the domestic markets, as against 28,872 units in October 2012, a growth of 30%. Moreover, Export rose 5% to 731 units as compared to 693 units in same month last year.

Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.

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