Mahindra & Mahindra (M&M) on Thursday reported 17 percent increase in total tractor sales at 43,386 units in September.
The company had sold 37,011 units of tractors in the same month last year, M&M said in a statement.
Domestic tractor sales were at 42,361 units last month, as against 36,046 in September 2019, a growth of 18 percent, it added.
Exports last month stood at 1,025 units as compared to the year-ago period, up 6 percent, the company said.
Commenting on the sales performance, M&M President – Farm Equipment Sector Hemant Sikka said, "retail demand continued to be buoyant backed by a very good monsoon, higher kharif acreage and continued government support, including higher minimum support price (MSP) for key crops."
He further said, "we are looking forward to a very robust demand for the festive season ahead.”
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