Mahindra's Farm Equipment Sector Sells 31,746 Tractor Units

Mahindra’s Farm Equipment Sector Sells 31,746 Tractors in India in November 2024

Mumbai - Mahindra & Mahindra Ltd., an automobile manufacturing company’s, Farm Equipment Sector (FES) announced its tractor sales for November 2024, with domestic sales reaching 31,746 units, compared to 31,069 units in November 2023.

Total tractor sales (Domestic + Exports) for November 2024 reached 33,378 units, compared to 32,074 units in the same period last year. Exports for the month totaled 1,632 units.

Mr. Hemant Sikka, President of Farm Equipment Sector, Mahindra & Mahindra Ltd., said, "We have sold 31746 tractors in the domestic market during November 2024, a growth of 2% over last year. With the Kharif harvest season getting completed, farmers are progressing with Rabi sowing. The marginal decline in the industry is due to shift in festive season of Diwali and Dhanteras as compared to the previous year. With very good reservoir levels and higher MSP for key Rabi crops, farmers sentiments are positive and cash flows healthy. Good progress in Rabi sowing and a good Rabi crop is expected to further boost demand for tractors in coming months. In the exports market, we have sold 1632 tractors, a growth of 62% over last year."