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Mahindra Tractor Sales Report November 2023: A 6% Growth, With 31069 Tractors Sold

Mahindra Tractor Sales Report November 2023: A 6% Growth, With 31069 Tractors Sold
Posted -01 December 2023 Share Post

Mahindra Tractor Sales Report November 2023: Sold 31069 Tractors

Mahindra & Mahindra revealed the November 2023 Tractor Sales Report. The brand sold 31069 tractors in November 2023 as opposed to 29180 tractors in November 2022 in the domestic tractor market. This way, Mahindra's domestic tractor sales figures for 2023 observe a 6% growth. At the same time, the November 2023 Mahindra Tractor Export Sales Report shows a decline of 25%. The brand sold 1005 tractors in November 2023 in the Export market, which was 1348 tractors in November 2022.

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Mahindra tractor total sales registered 32,074 tractors sold in November 2023 as compared to 30528 tractors in November 2022, marking a 5% growth in sales. 

Mahindra Tractor Sales Data November 2023

Particulars November 2023 November 2022 %Growth
Domestic 31069 29180 6%
Exports 1005 1348 -25% 
Total 32074 30528 5%

Mahindra & Mahindra also presented the Year to Date (YTD) April to November Tractor sales data for 2023. The brand sold 279129 tractors in 2023 in comparison to the 282024 tractors sold in the Domestic market in 2022. Mahindra’s domestic tractor sales data for 2023 shows a decline of 1%. Moreover, Mahindra's YTD Tractor Sales Report of 2023 shows a 32% decline in the export market. 

Mahindra Tractor Sales in India: Year-to-Date Figures

Particulars Year to Date FY’24 Year to Date FY’23 %Growth
Domestic 279129 282024 -1%
Exports 8475 12547 -32%
Total 287604 294571 -2%

*Exports include CKD
Hemant Sikka, President – Farm Equipment Sector, M&M Ltd., said, while highlighting the performance, “We have sold 31069 tractors in the domestic market during November 2023, a growth of 6% over last year. The festive season saw high demand pull in the domestic market, supported by Kharif harvest realisations, with retails being strong during Dhanteras and Diwali. Terms of trade continue to be favorable for farmers; while rural spending by the Government and progress in Rabi sowing are the factors to watch out for. In the export market, we have sold 1005 tractors.” 

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