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Mahindra Tractor Sales Report June 2023: 6% Sales Hike, Sold 44,478 Tractor Units

Mahindra Tractor Sales Report June 2023: 6% Sales Hike, Sold 44,478 Tractor Units
Posted -05 July 2023 Share Post

Mahindra Tractor Sales Report June 2023 : 6% Take Hike

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Mahindra & Mahindra Ltd. Farm Equipment Sector (FES) revealed the sales data for June ‘23, showcasing the domestic and export tractor sales data.

The overall sales for the month of June 23 registered at 44,478 tractors, against 41,848 tractors in June ‘22, presenting a 6% increase in sales. 

Mahindra & Mahindra has presented the Tractor Sales Report June 2023. The company sold 43,364 tractors in June 2023 as compared to 39,825 tractors in June 2022 in the Domestic market. The brand’s domestic tractor sales stats of June 2023 mark a 9.00% increase. Apart from this, the Mahindra Tractor Export Sales Report June 2023 also witnessed a 45% dip, with the sale of 1,114 tractors in June 2023 in the Export market as compared to 2,023 tractors sold in June 2022.

Mahindra Tractor Sales Report For June 2023

Particulars June 2023 June 2022 % Growth
Domestic 43,364 39,825 9%
Exports 1,114 2,023  -45%
Total 44,478 41,848 6%

Mahindra & Mahindra also stated the Year to Date Tractor sales report of June 2023. The company sold 1,11,875 tractors in 2023 as compared to 1,13,383 tractors in 2022 in the Domestic market. The company’s domestic tractor sales data for 2023 show a 1% decrease in sales. Also, Mahindra Year to date tractor sales 2023 in the export market present a 39% decrease. The company sold 3,134 tractors in 2022 in the Export market compared to 5,126 tractors in 2023.

Mahindra Tractor Sales in India - Year to Date Summary

Particulars Year to Date 2023 Year to Date 2022 % Growth
Domestic 1,11,875 1,13,383 -1%
Exports 3,134  5,126 -39%
Total 1,15,009  1,18,509 -3%

Hemant Sikka, the President of Farm Equipment Sector (FES), Mahindra & Mahindra Ltd. quoted while commenting on the performance,

“We have sold 43,364 tractors in the domestic market during June 2023 with a growth of 9% over last year. Though arrival of SouthWest monsoon got delayed due to cyclonic disturbances, it has smartly progressed in the last week of June and has now covered the entire country, bringing huge relief to the farmers and aiding in Kharif sowing. As on date, aggregate sowing acreage of Kharif crops is ahead of last year acreage and is progressing at fast pace. In addition, record rabi crops, Government support with increase in MSP for all Kharif crops and improving terms of trade for farmers are positive factors that are expected to support tractor demand going forward. In the exports market, we have sold 1,114 tractors.”

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