Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3157.00
27.85 (0.89%)
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M&M’s farm equipment sector reports 18% growth in February sales

Date: 01-03-2014

Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES), a part of the $16.7 billion Mahindra Group, has reported 18% growth in sales in February 2014. Total tractor sales (domestic plus exports) in February 2014 stood at 17,592 units, as against 14,861 units for the same month last year.

The sales stood at 16,552 units in the domestic markets, as against 13,944 units in February 2013, a growth of 19%. Moreover, exports rose by 13% to 1040 units as compared to 917 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.