India: M&M witnesses 56% y-o-y growth in tractor sales in Nov ’20

The auto major, Mahindra & Mahindra Ltd. (M&M) reported a sharp growth of 56% y-o-y in tractor sales at 32,726 units in Nov ’20 compared to 21,031 units in the same period last year. Meanwhile, the exports rose nearly to 80% y-o-y at 1,107 units last month in comparison to 617 units in Nov ’19. However, the rural sentiment remained positive on the back of good Kharif output and Rabi sowing.