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Mahindra & Mahindra Ltd.'s Farm Equipment Sector has reported its tractor sales for September 2024. Domestic sales totalled 43,201 units, higher than 42,034 in September 2023. Total tractor sales, including exports, were 44,256 units in September 2024. In comparison, 43,210 units were sold during the same time frame in the previous year. The total number of exports for the month is 1,055.
| Particulars | September 2024 | September 2023 | Change% |
| Domestic | 43,201 | 42,034 | 3% |
| Exports | 1055 | 1176 | -10% |
| Total | 44,256 | 43210 | 2% |
Year-to-date (YTD) tractor sales data for September 2024 has also been made available by Mahindra & Mahindra. The corporation achieved a 4% gain in the domestic market in 2024 with the sale of 2,06,236 units as opposed to 1,98,724 units in 2023.
Meanwhile, the export market has grown significantly by 36%, according to Mahindra's YTD Tractor Sales Report for 2024. Comparing September 2023 to September 2024, the company's export sales increased to 8,613 units from 6,346 units. In September of 2024, Mahindra sold a total of 2,14,849 units, up 5% from the 2,05,070 units sold in the same month last year. Not only that, but the company's export performance has significantly improved.
| Particulars | Year to Date FY’24 | Year to Date FY’23 | Change% |
| Domestic | 206,236 | 198,724 | 4% |
| Exports | 8613 | 6346 | 36% |
| Total | 214,849 | 205070 | 5% |
President of Mahindra & Mahindra Ltd.'s Farm Equipment Sector, Hemant Sikka, commented on the performance, saying, “We have sold 43201 tractors in the domestic market during September, a growth of 3% over last year. Monsoon rainfall has seen an increase of 7.5% over LPA, and this has helped increase the Kharif sowing of all crops except cotton. Reservoir levels have recovered very well and are now at 13% higher than LPA, which augurs very well for a bumper Rabi crop. On the back of a 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. In the exports market, we have sold 1055 tractors.”
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