Mumbai, December 1, 2016: Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), a part of the USD 17.8 billion Mahindra Group, today announced its tractor sales numbers for November 2016

Domestic sales in November 2016 were at 15,918 units, as against 20,819 ¬¬units during November 2015. Total tractor sales (domestic + exports) during November 2016 were at 17,262 units, as against 21,717 units for the same period last year. Exports for the month stood at 1,344 ¬¬¬¬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 15,918 tractors in the domestic market during November 2016. The tractor industry has witnessed this year's first de-growth due to the shift in festive season and added effect of demonetisation. We see the demonetization impact to be short term and expect continued growth against the backdrop of improved agriculture output which will boost tractor demand in the future. In the exports market, we sold 1,344 tractors with a growth of 50% over November 2015'.

FARM EQUIPMENT SECTOR

November

Cumulative November

F16

F17

%Change

F16

F17

%Change

Domestic

20819

15918

-24%

149325

189207

27%

Exports

898

1344

50%

8077

9485

17%

Total

21717

17262

-21%

157402

198692

26%

About Mahindra

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.

A USD 17.8 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.

In 2015, Mahindra & Mahindra was recognized as the Best Company for CSR in India in a study by the Economic Times. In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world's largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times 'Boldness in Business' Award in the 'Emerging Markets' category in 2013.

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Media contact information:
Mohan Nair
Vice President (Communications)
Automotive & Farm Equipment Sectors
Office Direct Line - + 91 22 28468510
Office Email Address - nair.mohan@mahindra.com

Mahindra & Mahindra Ltd. published this content on 01 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 December 2016 11:46:09 UTC.

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