Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES) released the July 2023 tractor sales report, showcasing the export and domestic data of tractor sales. The total tractor sales for July 23 registered at 25,175 units, against 23,307 tractors in July ‘22, marking an 8% growth.
Mahindra & Mahindra has presented the tractor sales report July 2023. This tractor brand sold 24,168 tractors in July 2023 as compared to 21,684 tractors in July 2022 in the Domestic market. Mahindra’s domestic tractor sales data present an 11% growth in July 2023.
On the other hand, speaking about the Export market, Mahindra Tractor Sales Report July 2023 observes a 38% decline. The company sold 1,007 tractors in July 2023 in the export market as compared to 1,623 units sold in July 2022.
Mahindra Tractor Sales Data July 2023
Mahindra & Mahindra also presented the Year to Date tractor sales data for 2023. The company sold 1,36,043 units in 2023 as compared to 1,35,067 tractors in 2022 in the Domestic market. The company’s domestic tractor sales statistics 2023 show a 1% increase in sales. Apart from this, in the Export market, Mahindra Year-to-date Tractor Sales Report 2023 also marked a 39% decrease. The brand sold 4141 tractors in 2023 in the Export market as compared to 6749 tractors in 2022.
Mahindra Tractor Sales Report in India - Year-to-Date Data
|Particulars||July 2023||July 2022||% Growth|
Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd., said while highlighting the performance,
“We have sold 24168 tractors in the domestic market during July, with a growth of 11% over last year. The cumulative seasonal rainfall spread across the country has recovered very well in the month of July and this has helped sowing of kharif acreage to pick up momentum. Aggregate sowing of Kharif crops is now ahead of last year, with most key crops including paddy and oil seeds have recovered, though pulses is still lagging in sowing. Terms of trade are now in favour of farmers, with continued decrease in input costs. The sentiments are positive in rural economy, and this is likely to support demand in the coming months. In the exports market, we have sold 1007 tractors”.