Chennai, August 1 (IANS): Mahindra & Mahindra Ltd Thursday said it closed last month selling 18,469 tractors, 12 percent up as compared to the same period of the previous year.
In a statement, the company said it sold 17,771 units in the domestic market as against 15,595 units in July 2012.
On the other hand, the company witnessed 32 percent fall in its export sales last month. M&M shipped out 698 tractors last month as against 1,026 units in July 2012.
"The second quarter of FY 2013 has begun well and we are happy with our domestic volume of 17,771 units and 15 percent growth achieved in July 2013. The monsoon this year has been normal, which augurs well for the farm sector.
A revival in agri-production will provide greater impetus to the economy amidst the overall slowdown," the statement quoted Rajesh Jejurikar, chief executive, tractor and farm mechanisation at M&M, as saying.