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 33% in September

Date: 01-10-2013

Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES), a part of the $16.2 billion Mahindra Group, has reported 33% growth in total tractor sales (domestic plus exports) in September 2013 at 26,637 units, as against 20,085 units for the same month last year.

Meanwhile, the sales stood at 25,922 units in the domestic markets, as against 18,908 units in September 2012, a growth of 37%. However, exports fell 39% to 715 units as compared to 1177 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.