Mahindra & Mahindra (M&M) announced that Mahindra Tractors has sold one-lakh tractors in 2009-10, setting a benchmark for sales in the Indian tractor industry.
To commemorate this, the company held the first ever Mahindra Samriddhi convention in Mumbai where it announced grants worth Rs. 101 lakh to students and scientists from ten agricultural universities.
This initiative aims to nurture budding agricultural talent and provide education in innovative farming technologies, thus reflecting M&M's commitment to agri- prosperity.
“The one-lakh milestone is a special one for us. The Farm Equipment Sector has now expanded its business vision to move beyond tractors to the larger area of helping to improve productivity in Indian agriculture. I am, therefore, also delighted to preside over the very first Mahindra Samriddhi Convention which will see farmers, agricultural experts and channel partners come together on a common platform to share knowledge and best practices related to farming and mechanisation in India,” said Anjanikumar Choudhari, President, Farm Equipment Sector, Mahindra & Mahindra.
