Mahindra & Mahindra Ltd’s Farm Equipment Sector on Saturday announced that the company’s tractor sales were up to 30,562 units in September as against 18,087 during the same period last year.

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Shares of the company were trading up 2.75% to Rs 1,444.40 per share on Nifty 50 at 1000 hours on Monday.

The company stated that it registered a growth of 70% in the domestic market with its domestic sales at 29,035 as against 17,052 units sold during September 2015.

Exports of the company rose by 48% with 1,527 units being sold in FY17 as opposed to 1,035 units sold in FY16.

“In September 2016 we had a strong growth of 70% over September 2015, with sales of 29,035 tractors in the domestic markets. We expect the good momentum to continue with the upcoming festive season and the effect of a good monsoon. In the export market we sold 1,527 tractors with a growth of 48% over September2015,” Rajesh Jejurikar, President and Chief Executive said in a statement.