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M&M’s farm equipment sector reports growth of 13% in November

02 Dec 2013 Evaluate

Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES), a part of the $16.2 billion Mahindra Group, has reported 13% growth in November 2013. Total tractor sales (domestic plus exports) in November 2013 stood at 23,119 units, as against 20,476 units for the same month last year.

The sales stood at 22,343 units in the domestic markets, as against 19,757 units in November 2012, a growth of 13%. Moreover, exports rose 8% to 776 units as compared to 719 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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