Mahindra Tractors’ total sales in December 2010 register 31% increase at 16334 units

Jan. 4, 2011 - PRLog -- Mumbai, January 1, 2011: Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the U.S. $7.1 billion Mahindra Group, maintained its leadership position in the tractor industry in December 2010.

Total tractor sales (domestic + exports) in December 2010 stood at 16334 units, as against 12439 units during December 2009, an increase of 31%.

For the period April to December 2010, total cumulative sales (domestic + exports) stood at 154265 units, as compared to 127670 units for the corresponding period last year, an increase of 21%.

Exports during the month of December 2010 were 1199 units, as against 922 units in December 2009, an increase of 30%. Domestic sales in December 2010 stood at 15135 units, as against 11517 units during December 2009, an increase of 31%.

About The Mahindra Group

Mahindra embarked on its journey in 1945 by assembling the Willys Jeep in India and is now a US $7.1 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. It is today a full-range player with a presence in almost every segment of the automobile industry, from two-wheelers to CVs, UVs, SUVs and sedan. Mahindra recently acquired a majority stake in REVA Electric Car Co Ltd. (now called Mahindra REVA), strengthening its position in the Electric Vehicles domain.

The Mahindra Group 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 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 and has also received the A+ GRI rating for the year 2008- 09.

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Mahindra 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.