M&M tractors sales rise 32% in September

Mahindra & Mahindra's Farm Equipment sector, a part of the $3 billion Mahindra Group with a growing global presence, sustained its high growth in September. India's leader in tractors posted a growth of 32% over the corresponding month last fiscal. The total sales volumes (domestic + exports) for the month stood at 9729, a 37% rise over last fiscal.

Domestic volumes in September saw a huge jump over last month. M&M sold 9000 tractors in September as compared to 5800 in August 2006.

Export figures showed a healthy growth of 167% over the corresponding month last fiscal.

Cumulative sales (April to September) saw a growth of 30% over the corresponding period last fiscal. The company also posted a growth of 29% in sales including exports clocking 50923 numbers in April-September. Cumulative exports grew 25% in the same period.

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