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M&M tractor sales jump 31% in December

M&M tractor sales jump 31% in December
PTI
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First Published: Sat, Jan 01 2011. 12 44 PM IST
Updated: Sat, Jan 01 2011. 12 44 PM IST
New Delhi: Auto major Mahindra & Mahindra’s Farm Equipment Sector (FES) division on Saturday reported a 31.31% increase in tractor sales in December 2010 to 16,334 units.
The company had sold 12,439 units during the same month previous year, the company said in a statement.
Domestic sales were up by 31.41% to 15,135 units as against 11,517 units in the year-ago period, it added.
Exports during the month soared by 30.04% to 1,199 units, as compared to 922 units in the year-ago month.
Meanwhile, the company reported a 41. 92% jump in its sales at 34,062 units in December 2010 over the same period previous year.
The company had sold 24,001 units in the corresponding month of 2009, M&M said in a statement.
Total sales of M&M utility vehicles, including Scorpio, Xylo, Bolero and Pick-Ups, stood at 14,705 units as against sales of 11,904 units in December 2009, up 23.53%. Sales of the Logan sedan went up by nearly three-fold to 896 units during the month compared to 308 units in the same month a year ago.
The company said sales of three-wheelers and Gio and Maxximo mini-trucks during December jumped by over two-fold to 5,928 units from 2,909 units during the same month previous year.
Light commercial vehicle sales from Mahindra Navistar Automotives Ltd during the month stood at 856 units against 700 units in the same month a year ago, a jump of 22.29%.
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First Published: Sat, Jan 01 2011. 12 44 PM IST
More Topics: Mahindra | M&M | Car sales | Automaker | Auto sector |