Mahindra & Mahindra's Farm Equipment Sector (FES), a part of the U.S. $7.1 billion Mahindra Group, maintained its leadership position in the tractor industry in October, 2010.
Total tractor sales (domestic + exports) in October 2010 stood at 24281 units, as against 18772 units for the same period last year, an increase of 29%.
For the period April to October 2010, total cumulative sales (domestic + exports) stood at 119938 units, as compared to 102639 units for the corresponding period last year, an increase of 17%.
Domestic sales in October 2010 stood at 23378 units, as against 17796 units for the same period last year, thereby registering a growth of 31%. This is by far the highest ever monthly domestic sales. The exports during the month of October 2010 stood at 903 units, as against 976 units for the same period last year.