MUMBAI, October 3, 2008: Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the U.S. $6.7 billion Mahindra Group, consolidated its leadership position in the tractor industry in October 2008.
Cumulatively, during this fiscal, total sales (domestic + exports) were 64801 nos., as compared to 60704 nos. for the corresponding April – October period last year, a growth of 7%. Mahindra & Mahindra tractors sales in the domestic market were 60059 nos., as compared to 56212 nos. for the April – October period last year, a growth of 7%.
For the month of October 2008, domestic sales of tractors of Mahindra & Mahindra Ltd. were 11001 nos. as compared to 10500 nos. for the same period last year and exports during the month were 538 nos., as against 686 nos. for the same period last year. Total sales (domestic + exports) for the month were 11539 nos., as compared to 11186 nos. for the same period last year.
About The Mahindra Group
The US $6.7 billion Mahindra Group is among the top 10 industrial houses in India. Mahindra is the market leader in multi-utility vehicles in India It made a milestone entry into the passenger car segment with the Logan. Mahindra & Mahindra is the only Indian company among the top tractor brands in the world.
The Group has a leading presence in key sectors of the Indian economy, including the financial services, trade, retail and logistics, automotive components, after-market, information technology and infrastructure development. Mahindra has recently made an entry in the two-wheeler segment which will see the company emerge as a full-range player with a presence in almost every segment of the automobile industry.
Mahindra's Farm Equipment Sector has recently won the Japan Quality Medal, the only tractor company worldwide to be bestowed this honour. It also holds the distinction of being the only tractor company worldwide to win the Deming Prize. The US based Reputation Institute recently ranked Mahindra among the top 10 Indian companies in its Global 200: The World's Best Corporate Reputations list.
Mahindra is also one of only four Indian companies to receive an A+ rating from the Global Reporting Initiative (GRI) for its first Sustainability Report.
