According to various reports, Mahindra has announced, in a letter to dealers, various measures to protect manufacturing and dealership employees from a new wave of COVID-19 in India.
Sonalika Tractors recently reported sales growth in its domestic market of 42%, for an annual sales volume of 139,526 tractors in its fiscal year 2021.
In the year that Escorts, the Indian tractor and construction machinery business, finished paying off historical debts to a former supplier, the group saw revenues climb 23.5% above the prior 12 month period.
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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.