Mahindra & Mahindra reported a 13% increase in tractor sales for October compared to last year, selling 73,660 units amid strong festive demand and favorable monsoon-driven farm sentiment. Residential real estate arm Mahindra Lifespace also expanded its national footprint to 53.3 million sq ft across 7 states, cementing its position as a premier property developer. The farm equipment business’s strong performance was attributed to innovative models and expanding rural financing, supporting India’s agricultural sector. The company anticipates continued demand growth as Rabi crop sowing picks pace. Investors responded positively to the upbeat numbers, with M&M shares gaining in market trade.
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