BJP has betrayed farmers: Kumari Selja
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Time of India
3 hours ago
- Time of India
Three of eight Marathwada districts face more than 40% rainfall deficit
Chhatrapati Sambhajinagar: Beed (54% deficit), Latur, and Parbhani (both 45%) districts in Maharashtra's Marathwada region are witnessing a significant rainfall shortfall by the end of June, raising concerns for the ongoing Kharif crop season. With no strong revival of the monsoon predicted in the coming days, the farming community is bracing for a challenging period, according to the India Meteorological Department (IMD). Marathwada has received an average of 79 mm rainfall in June, only 79% of the expected amount, resulting in an overall deficit of 21%. Among the region's eight districts, only Chhatrapati Sambhajinagar reported surplus rainfall at 110%, while Dharashiv (22%), Jalna (14%), Hingoli (12%), and Nanded (8%) recorded varying levels of deficiency, as per data from the Chhatrapati Sambhajinagar divisional commissioner's office. Ashok Mane Patil, a farmer from Beed, said the lack of rainfall has left his crops stunted. "I sowed soybean and cotton on my 40 acres of land by June 15. There is absolutely no growth of crops due to poor rainfall conditions. The weather conditions are giving me sleepless nights," he said. Soybean, cotton, and pigeon pea are among the dominant Kharif crops in the region. Marathwada has nearly 21.4 lakh hectares of agricultural land under cultivation in the Chhatrapati Sambhajinagar division, and another 28.3 lakh hectares in the Latur division, according to official figures. The IMD has forecast only light to moderate showers at isolated places across Marathwada in the coming days, with no significant rain spells expected to bridge the growing monsoon gap. Get the latest lifestyle updates on Times of India, along with Doctor's Day 2025 , messages and quotes!
Business Standard
10 hours ago
- Business Standard
M&M total sales rises 14% YoY to 78,969 units in June'25
Mahindra & Mahindra (M&M) said that its overall auto sales grew by 13.79% to 78,969 vehicles sold in June 2025 as against 69,397 vehicles sold in June 2024. On a month-on-month basis, Mahindra & Mahindras (M&M) total auto sales declined 6.11% in June 2025 compared to 84,110 units sold in May 2025. In the utility vehicles segment, the company sold 47,306 vehicles in the domestic market, registering a growth of 18% YoY and overall, 48,329 vehicles, including exports. The company sold 20,575 units of commercial vehicles (LCV+MHCV) in June 2025, up 18.44% from 17,371 units sold in June 2024. Three-wheelers (including electric 3Ws) sales grew 37% YoY to 8,454 units in June 2025. Total exports for the month stood at 2,634 vehicles, registering a growth of 1% on YoY basis. Nalinikanth Gollagunta, CEO, Automotive Division, M&M, In June, we achieved SUV sales of 47,306 units, a growth of 18%, and total vehicle sales of 78,969 units, a 14% growth compared to the same month last year. The quarter ended on a very positive note for us, marking the highest quarter ever for SUVs. Further, the company's Farm Equipment Sector (FES) announced that its total tractor sales (domestic + exports) during June 2025 were at 53,392 units, up 12.83% from 47,319 units in May 2024. Domestic tractor sales grew by 13% to 51,769 units in June 2025, compared to 45,888 units sold in June 2024. Tractor exports rose 13% to 1,623 units in June 2025, compared to 1,431 units during the same period last year. Veejay Nakra, President Farm Equipment Business, Mahindra & Mahindra, said, We have sold 51,769 tractors in the domestic market during June 2025, a growth of 13% over last year. The industry posted growth in June 2025, primarily driven by cash flow from Rabi crop harvesting & widespread arrival of monsoon across most regions. With better long-term rainfall departure this month, land preparation activities are well supported for the upcoming Kharif season. Record foodgrain production especially rice, wheat, pulses coupled with various Government initiatives to improve farmer income are expected to augur well for tractor demand in the coming months. In the exports market, we have sold 1,623 tractors, a growth of 13% over last year. M&M Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The auto major's standalone net profit surged 21.85% to Rs 2,437.14 crore in Q4 FY25 as against Rs 2,000.07 crore recorded in Q4 FY24. Revenue from operations increased 24.50% year on year (YoY) to Rs 31,353.40 crore in the quarter ended 31 March 2025. Shares of Mahindra & Mahindra rose 0.09% to Rs 3,187 on the BSE.
India Gazette
11 hours ago
- India Gazette
Escorts Kubota tractor sales up 2.2% in June 2025, construction equipment down
New Delhi [India], July 1 (ANI): Escorts Kubota Limited reported a 2.2 per cent rise in total tractor sales for June 2025, selling 11,498 tractors compared to 11,245 units in June 2024. According to Escorts Kubota Limited, the company's Agri Machinery Business showed strong export growth, even as domestic sales remained steady. Domestic tractor sales stood at 10,997 units in June 2025, slightly lower than 11,011 units in the same month last year. However, export sales more than doubled, reaching 501 tractors in June 2025 from 234 units in June 2024 -- a growth of 114.1 per cent. The company said that the timely arrival of the southwest monsoon, better Kharif crop sowing, and higher Minimum Support Prices (MSP) helped improve farmer confidence. With forecasts of above-normal monsoon and better rural liquidity, Escorts Kubota expects tractor demand to stay strong in the coming months. For the April to June quarter (Q1 FY26), the company sold a total of 30,581 tractors, up 0.7 per cent from 30,370 units sold during Q1 FY25. While domestic sales dropped slightly by 1.9 per cent to 28,848 units, exports rose by 80.3 per cent to 1,733 units. On the other hand, the company's Construction Equipment Business saw a decline. In June 2025, only 334 machines were sold, down 27.2 per cent from 459 machines sold in June 2024. For Q1 FY26, construction equipment sales were 1,055 units, a 23.7 per cent drop from 1,382 units in the same quarter last year. Escorts Kubota said the drop in construction equipment sales was due to slower project activity during the monsoon season, delays in infrastructure work, and higher prices due to new emission rules. However, the company expects demand to pick up after the monsoon, supported by higher government spending on infrastructure. The sales numbers include those of Escorts Kubota India Pvt. Ltd. and Kubota Agricultural Machinery India Pvt. Ltd., following their merger with Escorts Kubota Limited, approved by the National Company Law Tribunal in August 2024. (ANI)
