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Data▼ Bearish for Mahindra & Mahindra
Weak monsoon weighs on rural demand; September tractor sales fall at M&M and Escorts Kubota
The brief
- Mahindra & Mahindra tractor sales fell 21% in September
- Escorts Kubota tractor sales declined 16.7%
- Weaker rural demand pressures tractor makers and could weigh on two-wheeler and FMCG sales
September tractor sales decline
Mahindra tractor sales fell 21% year on year in September, while Escorts Kubota sales dropped 16.7% to 15,214 units from 18,267. Escorts Kubota’s six-month sales were still up 10% year on year.
Thursday, 1 October
- Weak monsoon weighs on rural demand; September tractor sales fall at M&M and Escorts Kubota