Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3129.15
43.90 (1.42%)
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M&M's farm equipment sector reports impressive growth of 12% in July

Date: 01-08-2013

Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES), a part of the $16.2 billion Mahindra Group, has achieved an impressive 12% growth in July 2013. Total tractor sales (domestic plus exports) in July 2013 stood at 18,469 units, as against 16,521 units for the same month last year.

Meanwhile, the sales stood at 17,771 units in the domestic markets, as against 15,495 units in July 2012, a growth of 15%. However, Export fell 32% to 698 units as compared to 1026 units in same month last year.

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.