Mahindra Tractor Sales Report in July 2024: 25587 Units Sold, 6% Growth

Posted -01 August 2024 Share Post

Mahindra Tractor Sales Report for July 2024

Mahindra & Mahindra has recently published its Tractor Sales Report for July 2024. The report indicates a significant increase in domestic sales, with the company selling 25,587 tractors in July 2024, up from 24,168 units in July 2023, marking a 6% growth in domestic sales.

In the export market, Mahindra experienced a remarkable 61% increase in sales, achieving 1,622 units in July 2024 compared to 1,007 units in July 2023. This substantial growth highlights the company's strong performance in international markets.

Overall, Mahindra tractor total sales for July 2024 reached 27,209 units, up from 25,175 units sold in July 2023. This reflects an 8% rise in total sales, demonstrating the company’s robust growth in both domestic and international markets.

Mahindra Tractor Sales Data July 2024

Particulars	July 2024	July 2023	Change%
Domestic	25587	24168	6%
Exports	1622	1007	61%
Total	27209	25175	8%

Mahindra & Mahindra has announced its Year-to-Date (YTD) tractor sales figures for July 2024. The company reported a 5% increase in domestic sales, with 142,517 units sold in 2024 compared to 136,043 units in 2023.

Additionally, Mahindra's YTD Tractor Sales Report for 2024 indicates a significant 49% increase in the export market. The company achieved 6,159 units in export sales in 2024, up from 4,141 units in 2023, reflecting a substantial rise in export performance.

Mahindra Tractor Sales Data July 2024 - Year-to-Year Date Summary

Particulars	Year to Date FY’24	Year to Date FY’23	Change%
Domestic	142517	136043	5%
Exports	6159	4141	49%
Total	148676	140184	6%

Commenting on the performance, Hemant Sikka, President of the Farm Equipment Sector at Mahindra & Mahindra Ltd., said, "In July 2024, we sold 25,587 tractors in the domestic market, reflecting a 6% growth compared to last year. The Southwest monsoon brought surplus rainfall to central, western, and southern states, although areas like Bihar and Punjab experienced deficient rain.

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 1,622 tractors, marking a 61% growth over last year."

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