Mahindra & Mahindra’s

Mahindra & Mahindra’s Farm Equipment Sector (FES), recorded a rise of 16 percent in domestic sales and maintained its number one position in the tractor industry in July this year. While the exports were only 1019 units for the same month, the domestic sales reached 15699 units compared to 13534 units in July 2010.

The combined domestic sales and exports saw an increase of 15 percent from 14592 units last year to 16718 units in July, 2011. The Mahindra Group deals in all automotove products, agribusiness. aerospace, consulting services and a number of other ventures.

 It’s been almost eight months since India’s Mahindra & Mahindra Ltd. (M&M) signed its memorandum of understanding (MoU) with SUV maker Ssangyong Motors. A few months later, the two companies came to a definitive consensus and Mahindra’s acquisition of the financially troubled Korean brand was made public sometime around November last year.