Mahindra and Mahindra: Tractor sales up 20.33% in June at 30,191 units

Domestic tractor sales grew by 20.49 per cent to 28,797 units in June as against 23,899 units in the year-ago month, the company said in a statement.

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Exports during the month increased by 17 per cent to 1,394 units compared with 1,191 units in the same month a year ago, it added.

Commenting on the sales outlook, M&M President and Chief Executive Farm Equipment and Two-wheeler Division Rajesh Jejurikar said: “Expectations of good monsoon coupled with higher MSPs (minimum support prices of crops) will drive sentiment thus positively impacting tractor demand.”