Mahindra tractor sales down 6% in December

Mahindra and Mahindra’s biggest cash cow, the farm equipment unit, saw a 6% decline in December as end of year sales failed to meet expectations. Domestic sales in December 2018 were at 16,510 units, as against 16,855 units during December 2017, seeing a two per cent drop.

Exports were hit harder with a 45 per cent drop in sales as the company was able to sell only 894 units of tractors as against 1633 sold in December 2017. Total tractor sales (domestic + exports) during December 2018 were at 17,404 units, as against 18,488 units for the same period last year.

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