Mahindra & Mahindra presented the May 2023 tractor sales report. This brand sold 33113 tractors in May 2023 as compared to 34153 tractors in May 2022 in the Domestic market. Also, the brand’s domestic tractor sales data for 2023 marks a 3% decrease. At the same time, in the Export market, the Mahindra Tractor Sales Report for May 2023 also presents a 35% decline. Hence, the company sold 1013 tractors in May 2023 in the Export market as compared to 1569 tractors sold in May 2022.
|Particulars||May 2023||May 2022||Growth %|
Mahindra & Mahindra also revealed the Year to Date Tractor sales figures for 2023. This tractor brand sold 68511 tractors in 2023 as compared to 73558 tractors in 2022 in the Domestic market. The company’s domestic tractor sales data for 2023 shows a 7% decline. Apart from this, in the Export market, Mahindra Year to date Tractor Sales Report 2023 observes a 35% decline in sales. However, this tractor manufacturer sold 2020 tractors in 2022 in the Export market as compared to 3103 tractors in 2023.
|Particulars||Year to Date2023||Year to Date2022||Growth %|
Hemant Sikka, the President of Farm Equipment Sector, Mahindra & Mahindra Ltd. said while commenting on the performance, “We have sold 33,113 tractors in the domestic market during May ’23. Record high Rabi crop output, good reservoir levels, improved terms of trade for farmers and IMD's prediction of a normal southwest monsoon augurs well for the upcoming Kharif season. In the export market, we have sold 1,013 tractors.”