Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the U.S. $15.9 billion Mahindra Group, maintained its leadership position in the tractor industry in November 2012.
Mumbai, December 3, 2012: Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the U.S. $15.9 billion Mahindra Group, maintained its leadership position in the tractor industry in November 2012.
Domestic sales in November 2012 stood at 19757 units, as against 16175 units during November 2011, a growth of 22% over last year. Total tractor sales (domestic + exports) in November 2012 stood at 20476 units, as against 17527 units for the same period last year, a growth of 17%. Exports for the month of November 2012 stood at 719 units.
About The Mahindra Group
The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technologyand vacation ownership. Mahindra has a presence in the agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.
A USD 15.9 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000 people in over 100 countries. In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India's Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow. In 2011, Mahindra acquired a majority stake in Korea's SsangYong Motor Company.
For further enquiries
Senior Vice President - Group Communications
Mahindra & Mahindra Ltd.
Phone: +91 22 2490 1441