in association with expert speak my budget mutual …€¦ · hdfc life ulip plan. invest...
TRANSCRIPT
21/03/2015 Tractor sales to pick up by March: Mahindra | Business Standard News
http://www.businessstandard.com/article/companies/tractorsalestopickupbymarchmahindra114120600901_1.html 1/9
AUTO SEGMENTMUTUAL FUND SEGMENTMY BUDGETEXPERT SPEAK
SPONSORED BY
IN ASSOCIATION WITH
EPaper|Today's Paper|SmartInvestor.in|B2B Connect|Apps|BS Products BS Hindi BS Motoring BS Books Indian Management Economy & Industry
Sign in|Register
News Stock Quote Authors
Advanced Search
HomeMarketsCompaniesOpinionBudgetPoliticsTechnologySpecialsPFPortfolioMy Page
NewsResultsBS 1000AutoConsumerEngineeringFinancialsIndustrialsInfraITOil & GasTelecomAgriMediaHealth careServicesOthers
Companies » News » News
21/03/2015 Tractor sales to pick up by March: Mahindra | Business Standard News
http://www.businessstandard.com/article/companies/tractorsalestopickupbymarchmahindra114120600901_1.html 2/9
Tweet 1 0 0Share 3
Tractor sales to pick up by March: MahindraM&M's domestic sales of tractors in November dropped 36% to 14,207 units from 22,343 units a year ago
Arindam Majumder | Kolkata December 6, 2014 Last Updated at 22:34 ISTHire the Right EmployeeWe provide background verification services to employers. Enquire Now! www.firstadvantageindia.com/Verify
Ads by Google
Add to My Page
Related News
Tractor sales will pick up by March: Pawan GoenkaIIT (M) appoints Pawan Goenka as Chairman, Board of GovernorsM&M standalone net profit down 6%M&M Q1 net drops 6% to Rs 882 crRobust tractor demand propels ancillary business
Mahindra & Mahindra Ltd
On BSE 1,173.0032.50 (2.70%)On NSE 1,165.3042.10 (3.49%)
2Y1Y6M1M5D1D
Best SIP Investment PlansInvest in best top funds & avail higher returns. Invest in 2 Mins.www.myuniverse.co.in/ZipSip
1/2/3 BHK Flats in ThaneHomes Stating from Rs 47 lacs only! Enquire Now to Get Attractive Dealscoldwellbanker.in/
Ads by Google
Mahindra and Mahindra (M&M) expects the dull tractorsale season to continue for three months. "I expect sales to remain flat for the next three monthsand (they will) pick up only in March," said Pawan Goenka, executive director and president of farm and automotive sector of the company.
The company's domestic sales of tractors in November this year dropped 36 per cent to 14,207 units from 22,343 units in November last year. Totaltractor sales inclusive of domestic and overseas during the month saw a decrease of 34 per cent to 15,333 units, as against 23,119 units for the sameperiod last year. M&M has seen its tractor sales dip even in the previous month.
According to the company, domestic tractor sales fell 17.93 per cent to 30,800 units in October this year against 37,532 units in the same period last year
NOT DOMINATING THE FIELDS
Mahindra and Mahindra's domestic sales oftractors in November dropped 36% to 14,207units from 22,343 units a year ago CRISIL said tractor sales in general woulddecline 3% to 4% yoy in 201415 due tobelownormal rains. Sales grew 20% a year
2Share
12:00 15:001,1501,1601,1701,1801,1901,2001,210
21/03/2015 Tractor sales to pick up by March: Mahindra | Business Standard News
http://www.businessstandard.com/article/companies/tractorsalestopickupbymarchmahindra114120600901_1.html 3/9
Tweet 1 0 0Share 3
ago.
"Harvest from kharif crops has been much lower for the season; this impacted the sales of tractors," Goenka said. He added a delayed paddy crop andlow prices of sugarcane and cotton have resulted in farm income taking a dip, which also saw input costs going up resulting in low demand for tractors.
The company sells M&M and Swaraj brands of tractors in the country. "This is not only the case with us, the whole tractor industry is facing aslowdown, even with a drop in sales, we are still the market leaders," he said. M&M has a domestic market share of 40 per cent.
According to a recent report by CRISIL, sale of tractors will decline by almost 3 to 4 per cent in 201415 following a strong growth of 20 per cent in thelast financial year due to below normal and erratic monsoon.
However Goenka is optimistic about the scenario changing by March. "A good rabi crop season will see simultaneous rise in farm income, which willboost the sale of tractors within the next three months. The new launch, Arjun Novo, is getting a good response and we expect it to get better in future,"he said. The company launched two variants of Arjun Novo in September.
He also said the Indian tractor industry will reach a saturation level by 2023, which will result only in replacement demand. "After 2023, the (tractor)market would saturate and therefore we'll only see replacement demand and probably growth would come to half of that," he said.
Read more on: Swaraj
|M&m
|Pawan Goenka
|Tractor Sales
|Mahindra And Mahindra
Read More
Now, offline retailers fear mega Google fest
Say it will be the end of brick & mortar, rake up issue with Finance Minister
Add to My Page
Recommended for you
Lavish Homes in Mulund.Book 13BHK @Rs.19800, save upto 5L Enjoy no floor rise till 15th floor onemumbai.co.in/NewlaunchMulund
2BHK Apartment in Thane WRustomjee Launches Tallest Tower. Book at 9.07Lacs* Plus Taxes rustomjeeurbaniathane.in/BookNow
Ads by GoogleAdvertisements
Know How NTT DATA Helped Digitalise The Vatican Apostolic Library$ Daily One Sure Intraday Stock Tip. Get Profit by 11:30 AM @ 0988877963New Bosch 7kg washing machine from Rs.29000^Start your Entrepreneurial Journey with this Great Mauka!!!HDFC Life ULIP Plan. Invest Rs.1000/month. Buy Now!$ Daily One Sure Intraday Stock Tip. Get Profit by 11:30 AM @ 0988877963Sahi Investment Sahi Shuruaat Mutual fund ki samaj bhuj. View now
2Share
Rajkot tractor... Tractor makers... Sequoia isn't an... No plan to shut...
21/03/2015 Tractor sales to pick up by March: Mahindra | Business Standard News
http://www.businessstandard.com/article/companies/tractorsalestopickupbymarchmahindra114120600901_1.html 4/9
Quick Links
Companies OverviewGo
Advertisement
Leaders should be responsible for organisation and coworkers. "Prof. Massimo Magni"Medical treatment expenses forcing you to sacrifice your life's savings?No medical test required for life cover upto Rs 1 croreMake an impression the world admires. Click here to know moreKnowledge The global language of the future. Is your child ready?Start Today with just Rs. 20000 per month. Click here to know moreAt every turn, a brand new story. Click here to know moreBosch 7kg washing machine + 10yrs motor warranty*Get 50% off on your movie ticket. Click here to know more
Back to Top
21/03/2015 Tractor sales to pick up by March: Mahindra | Business Standard News
http://www.businessstandard.com/article/companies/tractorsalestopickupbymarchmahindra114120600901_1.html 5/9
Latest NewsAll NewsIn this section
'More focus on manufacturing,distribution, and logistics'Spectrum auction: Govt revenues dip toRs 1.05 lakh cr on Day 15Holcim, Lafarge merger back on trackafter revised termsUjjivan Financial Services raises Rs 300cr from investorsFurther water tariff hikes likely on thecards for Delhi citizensCabinet nod for Rs 1,120cr scheme totrain youthKandla likely to be India's first 'smartport city'Sensex completes 2nd weekly retreatDecision on Taj Mansingh lease pushedto WednesdayInox IPO subscribed 18 times
Airlines oppose govt's credit tradingproposalDraft rules on flying abroad will pushup fares: Mittu Chandilya'More focus on manufacturing,distribution, and logistics'Holcim, Lafarge merger back on trackafter revised termsSBI to lower stake in BNP ventureUjjivan Financial Services raises Rs 300cr from investorsMines bill to up production costs forTata Steel, SAIL, HindalcoMaharashtra government formallyattaches Jignesh Shah's residenceFlipkart has biggest piece of Indian e
21/03/2015 Tractor sales to pick up by March: Mahindra | Business Standard News
http://www.businessstandard.com/article/companies/tractorsalestopickupbymarchmahindra114120600901_1.html 6/9
tail pieHow 2011 shaped 2012 for Maruti, itsworkers
Featured Videos
Party's over forBritain's twoparty politics
Branson's bet onhighspeedelectric motorsports
Formula Edebuts: Thegreener version ofFormula 1
World's mostexpensivetransformablewatch for $40M
News you can use
Don't reduce PF contributionWhat is Gratuity?What are NEFT and RTGS?Check your Income Tax Credit creditstatus form26AS onlineSaving capital gain tax on sale ofpropertyCalculate tax on your house propertyincomeHow to Check your EPF Balance &status online
Most PopularReadSharedCommented
Virat is a bigoccasion player: DhoniJindal's bid among three unapproved by
21/03/2015 Tractor sales to pick up by March: Mahindra | Business Standard News
http://www.businessstandard.com/article/companies/tractorsalestopickupbymarchmahindra114120600901_1.html 7/9
govtRajya Sabha passes Mines and MineralsBillHighlights of the Black Money BillFuture Main Battle Tank
Microsoft to offer 'free Windows 10upgrade' to all, including piratesTreat notice from loan recovery firmsseriouslySmall businesses don't need to maintainbook of accountsMaha proposes to mobilise Rs 643 crthrough tax proposals, no revision instamp dutyWarren Buffett's 50th annual letter toshareholders: Key investment themes
H1B workers have minimal skills:Infosys whistleblowerICICI Bank: Will the valuation discountvisavis Axis Bank narrow?NSEL questions validity of 13,000'investors'Buffalo meat exports decline owing to35% fall in Brazilian Real, beef banGrowth might not exceed 6.8% withoutreforms: Bibek Debroy
More News
It has been a wonderful journey: LatifNathaniHow Unilever and P&G walk tightropebetween creativity and ad regulation576 mn Indians tuned into World Cup inleague stageDifferently abledPESB cecommends I S Jha as CMD ofPower GridWhy startups shy of our boursesIf everyone joins, NSEL crisis can besolved: Prashant DesaiWockhardt: Final clearance ofChikalthana unit a few quarters awayDairy sector expected to grow by 15.6%in FY16: ReportItalian superbike maker Benelli mullsplant in India
21/03/2015 Tractor sales to pick up by March: Mahindra | Business Standard News
http://www.businessstandard.com/article/companies/tractorsalestopickupbymarchmahindra114120600901_1.html 8/9
Business Standard
280,257 people like Business Standard.
Facebook social plugin
Like
Back to Top
Hi
Click here to go My Page
iPhoneiPadandroid BlackberrywapfacebooktwitterGoogle+ RSS Youtube
From BS WebsiteHomeMarketsCompaniesOpinionTechnologySpecialsPersonal FinanceLatest NewsToday's Paper
21/03/2015 Tractor sales to pick up by March: Mahindra | Business Standard News
http://www.businessstandard.com/article/companies/tractorsalestopickupbymarchmahindra114120600901_1.html 9/9
General NewsGeneral VideosGeneral Photo GalleryEventsAuthorsSponsored Content
About BSAbout UsCode of ConductTerms & ConditionsDisclaimer
Support & ContactPartner with UsCareersAdvertise with UsContact UsFeedback
SubscribeEPaperBS MagazinesPortfolio Tracker
BS ProductsBS HindiBS MotoringBS BooksB2B ConnectiPhoneiPadandroidwap
Connect with BSFacebookTwitterGoogle +YoutubeRSSLatest News
Copyrights © 2015 Business Standard Ltd. All rights reserved.