Mahindra Sells 43,201 Tractors In India During September 2024

Mahindra & Mahindra's Farm Equipment Sector (FES), part of the Mahindra Group, sold 43,201 units of tractors in the domestic market during September 2024, as against 42,034 units during September 2023. The company registered growth of three per cent over last year.

Total tractor sales (Domestic + Exports) during September 2024 were at 44,256 units, as against 43.210 units for the same period last year. Exports for the month stood at 1,055 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra, said “Monsoon rainfall has seen an increase of 7.5 per cent over LPA and this has helped increase in Kharif sowing of all crops except cotton. Reservoir levels have recovered very well and are now at 13 per cent higher than LPA, which augurs very well for a bumper Rabi crop. On the back of good kharif crop and likely strong Rabi crop, rural sentiments are positive. With positive terms of trade for farmers and upcoming festivals, we expect robust demand for tractors going forward.”

The exports in above data include CKD model sales.