Mahindra’s Farm Equipment Sector Records Domestic Sales Of 35,805 Units In May 2024

Mahindra & Mahindra Farm Equipment Sector (FES), part of the Mahindra Group, sold 35,237 units of tractors in the domestic market in May 2024, as against 33,113 units during May 2023, a growth of 6 per cent over last year.

Total tractor sales (Domestic + Exports) during May 2024 were at 37,109 units, as against 34,126 units for the same period last year. Exports for the month stood at 1,872 units.

Commenting on the performance, Hemant Sikka, President of Farm Equipment Sector at Mahindra & Mahindra, said “Coupled with timely arrival of southwest monsoon in Kerala and northeast states and forecast of an above normal monsoon has improved the on-ground sentiments of the farmers. Land preparation activities for Kharif crops are expected to begin on time, which is likely to boost tractor demand in coming months. In the exports market, on the back of OJA exports to USA, we have sold 1,872 tractors, a growth of 85 per cent over last year.”

*Exports include CKD