Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3124.00
40.50 (1.31%)
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M&M’s Farm Equipment Sector registers 34% rise in March domestic sales

Date: 01-04-2016

Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES), a part of the $16.9 billion Mahindra Group, has reported its sales numbers for March 2016. Domestic sales in March 2016 stood at 13,931 units, up by 34% as against 10,392 units during March 2015.

The company’s total tractor sales (domestic + exports) during March 2016 stood at 14,682 units, up by 20% as against 12,254 units for the same period last year. However, exports for the month stood at 751 units, registering a fall of 60%.

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.