Mahindra & Mahindra revealed the October 2023 tractor sales report. The company sold 49,336 tractors in October 2023 as compared to 50,539 tractors in October 2022 in the Domestic market. Mahindra & Mahindra domestic tractor sales data for 2023 presents a 2% decline. Similarly, in the Export market, Mahindra's Tractor Sales Report for October 2023 also shows a 23% drop. The company sold 1,124 units in October 2023 in the Export market as against 1,455 units in October 2022.
Mahindra tractor total sales registered at 50,460 units sold in October 2023 as compared to 51,994 tractors in October 2022, showing a 3% drop in sales drop.
Mahindra Tractor Sales Figures October 2023
|Particulars||October 2023||October 2022||Growth %|
Mahindra & Mahindra also presented the Year to Date (YTD) Tractor sales figures from April to October 2023. The brand sold 2,48,060 tractors in 2023 as compared to 2,52,844 tractors in 2022 in the Domestic market. Moreover, the Mahindra tractor domestic sales figures for 2023 define a drop of 2%. At the same time, Mahindra's YTD Tractor Sales in the Export market in 2023 show a decline of 33%.
Mahindra Tractor Sales in India - Year-to-Date Summary
|Particulars||Year to Date FY’24||Year to Date FY’23||Growth %|
Hemant Sikka, President – Farm Equipment Sector, M&M Ltd., commented on the performance, “We have sold 49,336 tractors in the domestic market during October 2023. Higher aggregate kharif production, higher MSP for key Rabi crops, and the government’s continued support to the agri economy in H2 of this year are leading to positive sentiments among farmers during the ongoing festive season, supporting tractor demand. In the export market, we have sold 1,124 tractors.”