Search Tractors ...
Mahindra & Mahindra has released its latest tractor sales report for November 2024, showing steady growth in both domestic and international markets. The company sold 31,746 tractors in the domestic market in November 2024, compared to 31,069 units sold in November 2023. This marks a 2% growth in domestic sales.
In the export market, Mahindra achieved an outstanding 62% growth, selling 1,632 tractors in November 2024, compared to 1,005 units sold in November 2023. This significant rise highlights the growing demand for Mahindra tractors in global markets.
Overall, Mahindra & Mahindra’s total tractor sales in November 2024 reached 33,378 units, compared to 32,074 units sold in November 2023. This reflects a 4% increase in total sales, showcasing strong performance across domestic and international segments.
Mahindra Tractor Sales Data for November 2024:
| Particulars | November 2024 | November 2023 | Change (%) |
| Domestic | 31,746 | 31,069 | 2% |
| Exports | 1,632 | 1,005 | 62% |
| Total | 33,378 | 32,074 | 4% |
Year-to-Date (YTD) Tractor Sales Performance
Mahindra also reported its Year-to-Date (YTD) tractor sales figures for November 2024. In the domestic market, the company sold 302,308 units in 2024 compared to 279,129 units during the same period in 2023, recording an 8% growth.
In the export market, Mahindra showed an exceptional 34% growth in YTD sales, selling 11,372 units in 2024 compared to 8,475 units in 2023. Overall, Mahindra’s total YTD tractor sales reached 313,680 units by November 2024, compared to 287,604 units in 2023. This represents a 9% growth in total sales.
Year-to-Date (YTD) Tractor Sales Data:
| Particulars | YTD FY’24 | YTD FY’23 | Change (%) |
| Domestic | 302,308 | 279,129 | 8% |
| Exports | 11,372 | 8,475 | 34% |
| Total | 313,680 | 287,604 | 9% |
These figures underline Mahindra & Mahindra’s consistent growth and robust performance across both domestic and international markets, reinforcing its strong position in the tractor industry.
Hemant Sikka, President of the Farm Equipment Sector at Mahindra & Mahindra Ltd., stated, "In November 2024, we sold 31,746 tractors in the domestic market, showing a 2% growth compared to last year. With the Kharif harvest finished, farmers are now focusing on Rabi sowing. The small decline in the industry is due to the change in the timing of festivals like Diwali and Dhanteras compared to last year. Positive farmer sentiment, healthy cash flow, good water reservoir levels, and higher MSP for important Rabi crops are boosting confidence. We expect strong Rabi sowing and a good harvest to increase tractor demand even more. In exports, we sold 1,632 tractors, which is a 62% increase from last year.
Website - TractorGuru.in
Instagram - https://bit.ly/3wcqzqM
FaceBook - https://bit.ly/3KUyG0y
