Mahindra Tractors' total sales (domestic + exports) in August 2010 register 26% increase at 13435 units
Mahindra Tractors' total sales (domestic + exports) increase by 26% at 13435 units as compared to last years 10646 units for the same period.
Tweet-- 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 August 2010.
Total tractor sales (domestic + exports) in August 2010 stood at 13435 units, as against 10646 units for the same period last year, an increase of 26%.
For the period April to August 2010, total cumulative sales (domestic + exports) stood at 78175 units, as compared to 66881 units for the corresponding period last year, an increase of 17%.
Exports during the month of August 2010 were 982 units, as against 485 units for the same period last year, an increase of 102%. Domestic sales in August 2010 stood at 12453 units, as against 10161 units for the same period last year, an increase of 23%.
Notes to Editor
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, tourism, infrastructure development, trade and 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 CVs, UVs, SUVs and sedan. Mahindra recently 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 the leading global business and information technology services company, Satyam Computer Services. The company is now known as Mahindra Satyam.
Mahindra is also one of the few Indian companies to receive an A+ GRI checked rating for its first Sustainability Report for the year 2007-08 and has also received the A+ GRI rating for the year 2008- 09.