43.50 (1.41%) Mahindra & Mahindra’ (M&M) Farm Equipment Sector (FES) has reported 8% decline in total tractor sales in April at 28,552 units. The company had sold 30,925 units in April last year.
The Domestic sales in April 2019 were at 27,495 units, as against 29,884 units during April 2018. Exports for the April 2019 month stood at 1,057 units against 1041 units in April last year.
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.