Mahindra & Mahindra recently announced up to 13 days of no-production for its farm equipment factories following a 15% drop in tractor sales over the last 3 months, with tractor manufacturer Escorts also making plans to reduce inventory over the summer.
Mahindra USA, the number one selling tractor in the world based on volume, announces plans for an exclusive Southeast Mahindra Assembly and Distribution Center in January 2014, expanding one of the company's four tractor assembly and distribution facilities in North America.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.