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Mahindra's tractor arm sales up 15% in January

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Mumbai:  Mahindra Group's tractor arm today reported a 15 per cent growth in sales at 20,109 units in January, driven by a robust Khareef crop and an expected good rabi crop.

The company had sold 17,473 units in January 2013, a company release said here. The domestic sales stood at 19,389 units, a growth of 18 per cent over January 2013, it said.

"We have achieved a cumulative domestic growth till January 2014 of 23 per cent. This is primarily due to a bumper kharif crop and the anticipation of a good Rabi crop," Mahindra & Mahindra Tractor and farm mechanisation chief executive Rajesh Jejurikar said.

The company expects the good run to continue for the rest of the March quarter, he said.

However, exports declined by a steep 33 per cent to 720 units in January 2014 as against 1,071 units in January last year, the release said.

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