Recently, Mahindra released its Domestic Tractor Sales Report for August. According to the data, the company sold 20,518 tractors in August 2024, compared to 20,647 units in August 2023. Indicating a significant decline in domestic sales. If we compare, then there is a 1% decrease in domestic sales.
Moreover, Mahindra's export sales market grew 36%. The company sold 1,399 units in August 2024, compared to 1,029 units sold in August 2023. These sales are high, which is indicative of the company's successful performance in the international market.
In August 2024, Mahindra tractor sales rose to 21,917 units, up from 21,676 units in August 2023. This 1% increase shows the company’s continued success in both local and international markets.
| Particulars | August 2024 | August 2023 | Change% |
| Domestic | 20,518 | 20,647 | -1% |
| Exports | 1399 | 1029 | 36% |
| Total | 21,917 | 21,676 | 1% |
Additionally, Mahindra & Mahindra released its August 2024 Year-to-Date (YTD) Tractor sales statistics.
In August 2024, the company's domestic sales increased to 1,63,035 from 1,56,690 in August 2023, indicating a 4% gain in the domestic market.
In contrast, the Mahindra YTD Tractor Sales Report for 2024 indicates a noteworthy 46% growth in the export sector. August 2024 export sales for the business were 7,558 units, up from 5,170 units in August 2023. Mahindra's YTD total units sold in August 2024 were 1,70,593, up 5% from 1,61,860 in August 2023. Moreover, this indicates a significant improvement in the business's export results.
| Particulars | Year to Date FY’24 | Year to Date FY’23 | Change% |
| Domestic | 163,035 | 1,56,690 | 4% |
| Exports | 7558 | 5170 | 46% |
| Total | 170593 | 161860 | 5% |
"We sold 20,518 tractors in the domestic market in August 2024, a 1% drop over last year. The Southwest monsoon brought surplus rainfall to the central, western, and southern states, although some areas like Bihar and Punjab still had deficient rainfall. Kharif sowing has progressed well, boosting farmer sentiment. Higher crop prices and increased MSP for major kharif crops have further lifted spirits. With budget support and favourable trade terms, the festive season looks promising for the tractor industry. In the export market, we sold 1,399 tractors, with 36% growth, over last year."
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