Home-grown auto major Mahindra and Mahindra today reported 60.88 percent jump in total tractor sales at 45,177 units in October this year.
The company had sold 28,081 units in the same month last year.
It sales in the domestic tractor market were up 60.65 percent to 43,826 units in October as against 27,280 units in the year-ago month, the company said in a BSE filing.
Exports during the month zoomed by 68.66 percent to 1,351 units as compared with 801 units in the year-ago month,.
On sales outlook, M&M President and Chief Executive, Farm Equipment and Two-wheeler Division, Rajesh Jejurikar said: "This season's rainfall has been normal resulting in healthy water levels in reservoirs. Expectations of good Kharif crop coupled with continued good sentiments will positively impact demand going forward.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.