Mumbai, Nov 2 (UNI) Auto major, Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES) total October 2020 sale were at 46,558 units, as against 45,433 units for the same period last year, up by 2.48 percent.
Domestic sales in October 2020 were at 45,588 units, as against 44,646 units during October 2019.
Exports for the month stood at 970 units.
Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 45,588 tractors between both our Mahindra & Swaraj brands in the domestic market during October 2020, a growth of 2 pc over last year. We continue to witness unprecedented retail demand which is likely to be higher than wholesale numbers on back of expectations of a higher Kharif output and good cash flow in the market. Auspicious festival days ahead, coupled with mechanization requirements for ongoing Kharif harvesting and impending Rabi sowing season augurs well for the industry. In the exports market, we have sold 970 tractors, a growth of 23 pc over last year."
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