India: Mahindra’s Farm Equipment Sector registers 23% growth in sales in Dec’20

Mahindra & Mahindra Ltd Farm Equipment Sector (FES), has registered 23% y-o-y growth in domestic sales at 21,173 units in Dec’20 against 17,213 units in Dec’19. Total tractor sales (domestic and exports) during Dec’20 stood at 22,417 units, up 25% y-o-y. Meanwhile, only exports stood at 1,244 units, up 60% y-o-y.