Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3150.70
21.55 (0.69%)
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M&M’s farm equipment sector reports 2% growth in March sales

Date: 01-04-2014

Mahindra & Mahindra’s (M&M) Farm Equipment Sector (FES), a part of the $16.7 billion Mahindra Group, has reported 2% growth in sales in March 2014. Total tractor sales (domestic plus exports) in March 2014 stood at 17,673 units, as against 17,330 units for the same month last year.

The sales stood at 16,571 units in the domestic markets, as against 15,551 units in March 2013, a growth of 7%. However, exports declined by 38% to 1102 units as compared to 1779 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.