Mahindra & Mahindra achieved a notable 1% increase in tractor sales within the domestic market in April 2024. This growth is particularly significant as it surpasses the sales of April 2023, with a total of 35,805 units sold. Additionally, the company saw a substantial 23% increase in export numbers, selling 1,234 units in April 2024.
Mahindra Tractor registered a total of 37039 units of sales in April 2024, compared to the earlier 36405 units sold in April 2023, showing a growth of 2%
| Particulars | April 2024 | April 2023 | Change % |
| Domestic | 35805 | 35398 | 1% |
| Exports | 1234 | 1007 | 23% |
| Total | 37039 | 36405 | 2% |
Mr. Hemant Sikka, President – of Farm Equipment Sector, Mahindra & Mahindra Ltd., attributed the sales growth to a combination of factors. He stated, “We have sold 35805 tractors in the domestic market during April 2024, a growth of 1% over last year. This can be attributed to the government's wheat procurement operations, which are in full swing with good mandi arrivals and maintain healthy rural cash flows”.
Furthermore, he emphasised that “The positive forecast of above-normal monsoon rains by IMD and the occurrence of festivals in April have also contributed to the growth. In terms of trade, we continue to see positive trends, and the good cash flows from the Rabi harvest are expected to further boost tractor demand in the coming months. In the exports market, we have sold 1234 tractors, a growth of 23% over last year.”
Website - TractorGuru.in
Instagram - https://bit.ly/3wcqzqM
FaceBook - https://bit.ly/3KUyG0y
