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Home » News » Business

Mar 17, 2010, 01.19 PM | Source: Overdrive Magazine

Mahindra becomes worlds top selling tractor brand

Mahindra tractors creates history by becoming worlds top tractor brand by selling 1,00,000 tractors in FY10. On this grandiose achievement, the company held Mahindra Samriddhi Convention in Mumbai and announced a grant of Rs 101 lakh to students and scientists from 10 Indian agricultural universities across India.

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Mahindra becomes worlds top selling tractor brand

Mahindra tractors creates history by becoming worlds top tractor brand by selling 1,00,000 tractors in FY10. On this grandiose achievement, the company held Mahindra Samriddhi Convention in Mumbai and announced a grant of Rs 101 lakh to students and scientists from 10 Indian agricultural universities across India.

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Mahindra becomes worlds top selling tractor brand
Mahindra tractors creates history by becoming worlds top tractor brand by selling 1,00,000 tractors in FY10. On this grandiose achievement, the company held Mahindra Samriddhi Convention in Mumbai and announced a grant of Rs 101 lakh to students and scientists from 10 Indian agricultural universities across India.

 This convention will provide education in innovative farming technologies and services such as soil and irrigation water testing facilities, productivity demo farms, agri counseling facilities and many more farming related services. It is a unique initiative in the tractor industry and this center represents Mahindras approach for innovative solutions to address farmer requirements. Several Mahindra dealerships across India have also been transformed into Samriddhi Centres which will give technological know-how about the farms.

Here is the original press release:

Press Release"   

Mahindra Tractors creates history: reaches 100,000 milestone!
 
Announces grants worth Rs. 101 lakh to agricultural universities at first Mahindra Samriddhi convention
 
February 18, 2010, Mumbai: Mahindra & Mahindra Ltd. today announced that Mahindra Tractors, one of the world’s top tractor brands has sold 1,00,000 tractors in FY10 YTD, setting a benchmark for  sales in the Indian tractor industry.
 
To commemorate this landmark achievement, the company held the first ever Mahindra Samriddhi convention in Mumbai where it announced grants worth Rs. 101 lakh to students and scientists from 10 Indian agricultural universities across India. This initiative aims to nurture budding agricultural talent and provide education in innovative farming technologies, thus reflecting M&M’s commitment to agri-prosperity.
 
“The one lakh milestone is a very special one for us. It is, in fact, a clear validation of the strong
bond we have forged with the Indian farmer over the past four decades. The Farm Equipment Sector has now expanded its business vision to move beyond tractors to the larger area of helping to improve productivity in Indian agriculture. I am therefore, also delighted to preside over the very first Mahindra Samriddhi Convention which will see farmers, agricultural experts and channel partners come together on a common platform to share knowledge and best practices related to farming and mechanization in India,” said Mr. Anjanikumar Choudhari, President, Farm Equipment Sector, Mahindra & Mahindra Ltd.
 

M&M stock price

On February 12, 2016, Mahindra and Mahindra closed at Rs 1168.40, up Rs 42.40, or 3.77 percent. The 52-week high of the share was Rs 1441.45 and the 52-week low was Rs 1092.00.


The company's trailing 12-month (TTM) EPS was at Rs 52.62 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 22.2. The latest book value of the company is Rs 310.09 per share. At current value, the price-to-book value of the company is 3.77.

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