Press Release For Immediate Publication
Mahindra’s Tractor sales in September 2009 registers record 56% increase at 16986 units
MUMBAI, October 1, 2009: Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the U.S. $6.3 billion Mahindra Group, maintained its leadership position in the tractor industry in September 2009.
Total tractor sales (domestic + exports) for the month of September 2009 stand at 16986, as compared to 10868 units for the same period last year, an increase of 56%.
Domestic sales in September 2009 registered a record 59% increase at 16359 units, as compared to 10307 units for the same period last year.
YTD domestic sales registered a 48% increase at 80610 units, as against 54543 units for the same period last year. The company’s YTD sales (domestic + exports) registered a 42% increase at 83865 units, as compared to 58893 units for the same period last year.
Note:- As a consequence of merger of M/s Punjab Tractors Ltd. with the company effective from 1st August '08 , the cumulative Sep '08 sales figures do not include 11643 Nos of Swaraj division (erstwhile M/s Punjab Tractors LTD.) for the period of April '08 to July '08. Including these figures growth for the period works out to 19%.
About The Mahindra Group
Mahindra embarked on its journey in 1945 by assembling the Willys Jeep in India and is now a US $6.3 billion Indian multinational. It employs over 1,00,000 people across the globe and enjoys a leadership position in utility vehicles, tractors and information technology, with a significant and growing presence in financial services, tourism, infrastructure development, trade and logistics. The Mahindra Group today is an embodiment of global excellence and enjoys a strong corporate brand image.
Mahindra is the only Indian company among the top tractor brands in the world and has made an entry in the two-wheeler segment, which will see the company emerge as a full-range player with a presence in almost every segment of the automobile industry.
The Mahindra Group recently expanded its IT portfolio when Tech Mahindra acquired the leading global business and information technology services company, Satyam Computer Services. The company is now known as Mahindra Satyam.
Mahindra's Farm Equipment Sector is the proud recipient of the Japan Quality Medal, the only tractor company worldwide to be bestowed this honour. It also holds the distinction of being the only tractor company worldwide to win the Deming Prize. The US based Reputation Institute recently ranked Mahindra among the top 10 Indian companies in its Global 200: The World's Best Corporate Reputations list.
Mahindra is also one of the few Indian companies to receive an A+ GRI checked rating for its first Sustainability Report for the year 2007-08.
For further enquiries, please contact:
Ms. Roma Balwani
VP & Head - Corporate Communications
Corporate Communications
Mahindra & Mahindra Ltd.
Mumbai, India
Phone: (+91-22) 2497 5176
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