M&M's Farm Equipment Sector (FES) reported a 12% decline in total sales to 19,992 units in July 2019. Total domestic FES sales declined 11% to 19,174 units in July 2019. Total FES exports declined 26% to 818 units in July 2018.
Commenting on the performance, Rajesh Jejurikar, president -FES, said, We have sold 19,174 tractors in the domestic market during July 2019. We hope that the spread of monsoon, government initiatives to increase rural incomes through farm & non-farm sources and an overall improvement in liquidity will spur improvement in tractor demand during the second half of the year. In the export market, we have sold 818 tractors.
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