Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
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M&M’s farm equipment sector reports growth of 15% in December

Date: 01-01-2014

Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES), a part of the $16.2 billion Mahindra Group, has reported 15% growth in December 2013. Total tractor sales (domestic plus exports) in December 2013 stood at 17,037 units, as against 14,759 units for the same month last year.

The sales stood at 16,257 units in the domestic markets, as against 13,712 units in December 2012, a growth of 19%. However, exports declined by 26% to 780 units as compared to 1,047 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.