Mahindra and Mahindra Ltd. on Saturday reported a 4 percent increase in tractor sales at 23,116 units in January.
The company had sold 22,212 tractors in the same month last year. Domestic sales increased 7 percent to 22,329 units in January as compared with 20,948 units of tractor sold in the same month of 2019, the company said in a statement.
However, exports declined 38 percent to 787 units in the previous month as compared with 1,264 units in January 2019, it said.
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“We have sold 22,329 tractors in the domestic market during January with a growth of 7 percent over last year. The tractor demand is likely to see positive momentum, led by the expectations of a good Rabi output and the government's renewed focus on rural sector through higher allocation as announced in the Union Budget,” M&M Farm Equipment Sector President Rajesh Jejurikar said.
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