According to reports from ETAuto.com, Mahindra sold a total of 22,561 tractors last month, up 19% from the 18,978 tractors sold in February 2019. Domestic sales for last month were 21,877 units, up 21% year-over-year from 18,105 tractors sold in the same period last year. Tractor exports were down to 684 units, down 22% from the 873 tractors recorded in February 2019.
For Mahindra’s April-February FY20 period, total sales are down 7% year-over-year to 288,302 units, compared to 310,748 units sold in the same period in FY19.
Escorts reported overall sales growth for February up 18% to 8,601 tractors, compared to the 7,240 tractors sold in February 2019. Domestic sales were up 16.3% to 8,049 tractors, compared to 6,918 in February last year. Exports saw a 71.4% increase last month, registering 552 units compared to 322 units in the same period last year.
For the April-February FY20 period, Escorts recorded 80,574 total sales, down 4.7% from the 84,507 sales in the same period FY19. For the April-February FY20 period, Escorts saw a 5.9% year-over-year decrease in domestic tractor sales, from 81,892 to 77,024 units. The company also saw a 35.8% increase in exports, up to 3,550 units from the 2,615 recorded in the same period last year.