Mahindra & Mahindra Ltd.

Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the $15.4 billion Mahindra Group, further reiterated its leadership position in the tractor industry in April 2013 by achieving an impressive 38% growth. Mahindra Tractors began FY14 on a positive note, with domestic sales in April 2013 showing a 38% growth for the first time since November 2012. The domestic sales stood at 22,196 units, as against 16,049 units during April 2012.

Total tractor sales (domestic + exports) in April 2013 stood at 23,202 units, as against 16,800 units for the same period last year, registering a growth of 38%. Exports for the month of April 2013 stood at 1,006 units, also showing a growth of 34% over April 2012.

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.