Mahindra Tractors registers highest ever monthly growth of 46% in FY2011
Total Sales (domestic + exports) in November 2010 register 43% increase at 17993 units.
- (1888PressRelease) December 02, 2010 - Mumbai - Mahindra & Mahindra's Farm Equipment Sector (FES), a part of the U.S. $7.1 billion Mahindra Group, maintained its leadership position in the tractor industry in November, 2010.
Domestic sales in November 2010 stood at 16975 units, as against 11604 units for the same period last year, thereby registering a growth of 46%, the Sector's highest ever monthly growth in 2011.
Total tractor sales (domestic + exports) in November 2010 stood at 17993 units, as against 12592 units for the same period last year, an increase of 43%.
For the period April to November 2010, total cumulative sales (domestic + exports) stood at 137931 units, as compared to 115231 units for the corresponding period last year, an increase of 20%.
Exports during the month of November 2010 stood at 1018 units, as against 988 units for the same period last year.
About The Mahindra Group
Mahindra embarked on its journey in 1945 by assembling the Willys Jeep in India and is now a US $7.1 billion Indian multinational. It employs over 1,00,000 people across the globe and enjoys a leadership position in utility vehicles, tractors and information technology, with a significant and growing presence in financial services, aerospace, after-market, real estate, hospitality, logistics. The Mahindra Group today is an embodiment of global excellence and enjoys a strong corporate brand image.
Mahindra is the only Indian company among the top tractor brands in the world. It is today a full-range player with a presence in almost every segment of the automobile industry, from two-wheelers to UVs, SUVs and CVs. Mahindra has acquired a majority stake in REVA Electric Car Co Ltd. (now called Mahindra REVA), strengthening its position in the Electric Vehicles domain.
The Mahindra Group expanded its IT portfolio when Tech Mahindra acquired Satyam Computer Services, now known as Mahindra Satyam.
Its flagship company Mahindra & Mahindra Limited has recently earned the distinction of being the only Indian automobile manufacturer to feature in the top 10 list of the Carbon Disclosure Leadership Index in India,- 2010, created by the Carbon Disclosure Project (CDP). CDP is an independent not-for-profit organization holding the largest database of primary corporate climate change information in the world.
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