Farm equipment maker Mahindra Tractors on Monday recorded a substantial jump of 72% in its total tractor sales in July at 12,850 units compared with 7,475 units in the corresponding month last fiscal.

According to company, it has posted 88% robust jump in its domestic sales at 12,128 units in last month as compared to 6,451 units in the same period previous year.

The company has attributed this excellent growth in July to general market confidence post the formation of the new Government and its increased focus on agriculture and rural infrastructure in the budget.

The company authorities stated in a communiqué that a positive environment in the tractor industry has been aided by large increases in minimum support prices, accompanied by easy availability of credit.

The company said that as a consequence of its merger with Punjab Tractors Ltd (PTL), effective from August 1, 2008, the total sales also includes 3,828 units of the merged entity.