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 growth of 7% in August

Date: 02-09-2013

Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES), a part of the $16.2 billion Mahindra Group, has reported 7% growth in August 2013. Total tractor sales (domestic plus exports) in August 2013 stood at 14,158 units, as against 13,234 units for the same month last year.

Meanwhile, the sales stood at 13,543 units in the domestic markets, as against 12,394 units in August 2012, a growth of 9%. However, Export fell 27% to 615 units as compared to 840 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.