Mahindra and Mahindra Limited Farm Equipment Sector (FES), on Tuesday this month reported a growth of 11% in domestic tractor sales and a surge of 9% this October as compared to the previous year. Domestic sales recorded 50539 units, against 45420 units the last October.
Mr President, Farm Equipment Sector, Mahindra and Mahindra Limited, stated that the festive seasons kept the spirits high, which led to the strong motivation behind the record domestic figures.
Mahindra’s domestic sales witnessed a total rise of 11.74% when both the parameters, i.e. YTD and YoY sales, were considered together.
The below table shows the data for both YoY and YTD sales.
| F23 | F22 | %Growth | |
| October | 50539 | 45420 | 11% |
| YTD | 252844 | 226087 | 12% |
| Total | 303,383 | 271507 | 11.74% |
Mahindra’s foreign trade reported a total growth of 11.23% when both the parameters, i.e. YTD and YoY were considered together.
The below table shows the data for exports of Mahindra tractors.
| F23 | F22 | %Growth | |
| October | 1455 | 1597 | -9% |
| YTD | 11199 | 9779 | 15% |
| Total | 12654 | 11,376 | 11.23% |
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