Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3083.50
-9.35 (-0.30%)
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M&M’s Farm Equipment Sector registers 4% rise in January domestic sales

Date: 01-02-2016

Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES), a part of the $16.9 billion Mahindra Group, has reported its sales numbers for January 2016. Domestic sales in January 2016 stood at 14,402 units, up by 4% as against 13,852 units during January 2015.

The company’s total tractor sales (domestic + exports) during January 2016 stood at 15,065 units, up by 1% as against 14,913 units for the same period last year. However, exports for the month stood at 663 units, registering a fall of 38%.

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.