Mahindra & Mahindra expects the tractor segment in the country to grow by around 12 per cent this fiscal. The company aims to grow more than the industry in 2013-14. According to Sanjeev Goyle, Chief of Marketing, M&M FES, timely monsoon this year has helped in creating a positive atmosphere in the tractor market helping the industry grow. The tractor market in the country stood at 5.25 lakh units last fiscal and is expected to cross 6 lakh units in the current financial year. Mahindra has a market share of over 40 per cent in the segment. The company's tractor sales grew by 26 per cent in November, Goyle said. Earlier this year, the company commissioned a new tractor plant in Andhra Pradesh, which has been set up with an investment of Rs 300 crore and an installed capacity of one lakh tractors per annum. M&M currently has tractor manufacturing plants in Mumbai, Nagpur, Rudrapur, Jaipur, Mohali and Rajkot. It also has two plants each in the US and China, and one in Australia.