Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the USD 20.7 billion Mahindra Group, today announced its tractor sales numbers for November 2019.
Domestic sales in November 2019 were at 20,414 units, as against 25,159 units during November 2018. Total tractor sales (Domestic + Exports) during November 2019 were at 21,032 units, as against 25,949 units for the same period last year. Exports for the month stood at 618 units.
Commenting on the performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 20,414 tractors in the domestic market during November 2019. With Government support on Agri and rural sector and a healthy reservoir levels due to the above normal monsoon, we expect a good Rabi output in the coming months. This will generate positive sentiment and drive growth, going forward. In the exports market, we have sold 618 tractors."
Shares of MAHINDRA & MAHINDRA LTD. was last trading in BSE at Rs.530.05 as compared to the previous close of Rs. 541.55. The total number of shares traded during the day was 108607 in over 3544 trades.
The stock hit an intraday high of Rs. 543.55 and intraday low of 528.35. The net turnover during the day was Rs. 58011739.