Mahindra Tractors sells 14682 units during March 2016

Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the USD 16.9 billion Mahindra Group, has announced its sales numbers for March 2016.

Domestic sales in March 2016 were at 13,931 units, as against 10,392 units during March 2015. Total tractor sales (domestic + exports) during March 2016 were at 14,682 units, as against 12,254 units for the same period last year. Exports for the month stood at 751 units.

Commenting on the month's performance, Rajesh Jejurikar, President and Chief Executive - Farm Equipment and Two Wheeler Division, Mahindra & Mahindra Ltd. said, "We have sold 13,931 tractors in the domestic market during March 2016, which is a growth of 34% over last year. We expect the revival of the Agri economy in the current fiscal year (2016 -17) with increased agricultural support extended by the government and the hope for favourable weather conditions. In the export market, we sold 751 tractors during March 2016".

Shares of MAHINDRA & MAHINDRA LTD. was last trading in BSE at Rs.1194.55 as compared to the previous close of Rs. 1209.65. The total number of shares traded during the day was 90871 in over 7863 trades.

The stock hit an intraday high of Rs. 1219.9 and intraday low of 1187.95. The net turnover during the day was Rs. 108527152.

Source : Equity Bulls

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