MUMBAI, November 1, 2012 — Mahindra & Mahindra's Farm Equipment Sector (FES), a part of the U.S. $15.4 billion Mahindra Group, maintained its leadership position in the tractor industry in October 2012.
Domestic sales in October 2012 stood at 28872 units, as against 30519 units during October 2011. Total tractor sales (domestic + exports) in October 2012 stood at 29565 units, as against 31838 units for the same period last year. Exports for the month of October 2012 stood at 693 units.
About The Mahindra Group
The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technologyand vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.
A USD 15.4 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000 people in over 100 countries. In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India's Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow. In 2011, Mahindra acquired a majority stake in Korea's SsangYong Motor Company.