Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3130.00
46.50 (1.51%)
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M&M’s Farm Equipment Sector registers 24% rise in February domestic sales

Date: 01-03-2016

Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES), a part of the $16.9 billion Mahindra Group, has reported its sales numbers for February 2016. Domestic sales in February 2016 stood at 12,702 units, up by 24% as against 10,267 units during February 2015.

The company’s total tractor sales (domestic + exports) during February 2016 stood at 13,574 units, up by 19% as against 11,437 units for the same period last year. However, exports for the month stood at 872 units, registering a fall of 25%.

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.