New Delhi: Mahindra & Mahindra Ltd on Monday said its tractor sales rose 24.24 percent to 23,626 units in May 2013, as compared to 19,016 units in the same period of previous year.
    
The company's domestic sales of tractors grew 24.70 percent, standing at 22,471 units during May 2013, as compared to 18,019 units in corresponding period previous year.
    
Commenting on the monthly performance, Mahindra & Mahindra Ltd Chief Executive, Tractor and Farm Mechanization, Rajesh Jejurikar said the company is happy to have achieved a consistent growth over the last two months which will have a positive impact on the overall tractor industry.
    
"The prospect of a good monsoon would also add buoyancy to the farmers' morale and lead to a stronger growth for the overall agricultural sector," he added.
    
The company said its tractor exports rose 15.84 percent to 1,155 units during May 2013, as compared to 997 units during the same period last year.

(Agencies)

Latest News from Business News Desk