[ad_1]
The firm bought 25,678 items, as in opposition to 19,992 items throughout July 2019. This marked a leap of 27 per cent of complete gross sales.
View Photos
Mahindra’s exported 939 items tractors in July 2020
Mahindra’s Farm Equipment Sector introduced its tractor gross sales for July 2020 whereby the corporate recorded a progress of 27 per cent. The complete tractor gross sales together with home and exports stood at 25,402 items throughout July 2020, as in opposition to 19,992 items bought in the identical month final 12 months. Seeing a constructive response from the home market, the corporate bought 24,463 items, witnessing a leap of 28 per cent. Last 12 months, the corporate had bought 19,174 items in the identical month.
Also Read: Car Sales July 2020: Mahindra’s Sales Down By 36%
Additionally, the tractor exports for the month of July stood at 939 items, in comparison with the 818 items bought final 12 months in the identical month. The firm recorded a progress of 15 per cent right here.
Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. stated, “We have sold 24,463 tractors in the domestic market during July 2020, a growth of 28% over last year. These are our highest ever July sales. The strong demand momentum continued, aided by positive sentiments due to good cash flows to farmers, higher Kharif sowing, a timely and normal monsoon cumulatively across June & July and continued higher rural spending by the Government.”
Also Read: Anand Mahindra Praises The Bolero Which May Have Helped Save A Life
0 Comments
He additional talked about that, “Localized lockdowns in certain states and COVID related impact on specific suppliers led to supply side challenges during the month. It is expected that the sentiments are likely to remain buoyant translating into robust tractor demand in the coming months. In the exports market, we have sold 939 tractors, a growth of 15% over last year”.
For the most recent auto information and opinions, observe carandbike on Twitter, Facebook, and subscribe to our YouTube channel.
[ad_2]
Source