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Charts & Analysis

M&M Farm Equipment Sales Growth At 32%, Expects Market Sentiments To Remain Positive

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M&M Farm Equipment Sales Growth At 32%, Expects Market Sentiments To Remain Positive
We bring you our monthly report on the automobile sales for March, 2017. You can catch all the February Sales here. You can also find all the coverage in relation to the automobile sector here.


M&M Farm Equipment Sector reported sales of 19,337 units in March, 2017 against 14,682 units during the same time last year resulting in a growth of 31.7%.
M&M Farm Equipment Sales Growth At 32%, Expects Market Sentiments To Remain Positive
Commenting on the month’s performance, Rajesh Jejurikar, President- Farm Equipment Sector, M&M said:

We have sold 17,973 tractors during March, 2017 with a growth of 29% over last year. With continued government support to agriculture and expectation of bumper rabi crop, we expect market sentiments to remain positive. In the exports market, we sold 1,364 tractors with a growth of 82% over March, 2016.

M&M Farm Equipment Sales Growth At 32%, Expects Market Sentiments To Remain Positive
Note: Sales numbers presented here are manufacturer reported sales numbers i.e. factory dispatches to dealerships. They are NOT retail sales figures to end customers.
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  • naresh says:

    India’s monsoon cycles have changed to a new “epoch” which is plentiful rain. Consumer confidence and capital expenditure in rural areas is always based on the monsoon outlook, but with more irrigation facilities provided under the Modi government, farmers have reason to invest in capital expenditure. This is a structural reform in the Indian economy which has a huge agricultural piece in the GDP. I haven’t taken a look at these charts, but am 100% sure the market has caught wind of this and has / is already priced/pricing it in.