Mahindra & Mahindra Ltd. or M&M's Farm Equipment sector (FES) reported March total tractor sales, including domestic and exports, of 17,330 units, flat from last year's 17,405 units.
Cumulative total sales (domestic plus exports) for the fiscal year 2013 stood at 223,885 vehicles, down by five percent from the 235,452 units in FY12. The company said it had maintained its leadership position in the Indian tractor industry during FY13.
The company's domestic sales totaled 15,551 units during March 2013, lower by two percent from the 15,920 units in March last year, while exports registered an impressive growth of 20 percent at 1,779 units.
At the BSE, Mahindra & Mahindra shares are currently trading at Rs.856.40, down 0.55 percent from the previous close.
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