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Mahindra Tractor Sales Surge in June 2024: 45,888 Units Sold, Up by 6%

Mahindra Tractor Sales Surge in June 2024: 45,888 Units Sold, Up by 6%
Posted -01 July 2024 Share Post

Mahindra Tractor Sales Report June 2024

Mahindra & Mahindra released the Tractor Sales Report for June 2024. The company sold 45,888 units in June 2024, as opposed to 43,364 units in June 2023, in the domestic market. The company's domestic tractor sales statistics for 2024 show a 6 rise. On the other hand, in the Export market, Mahindra Tractor Sales Report for June 2024 also shows a 28% rise. The company sold 1,431 units in June 2024 in the Export market as against 1,114 units sold in June 2023.

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Mahindra Tractor Sales Data June 2024- Domestic & Export Data

Particulars June 2024 June 2023 Change %
Domestic 45888 43364 6%
Exports 1431 1114 28%
Total 47319 44478 6%

Mahindra & Mahindra also announced Year to Date (YTD) sales figures for 2024. In 2024, the company sold 121,467 units, up from 115,009 units in 2023. Domestic sales rose by 5%, reaching 116,930 units in 2024 compared to 111,875 units in 2023. However, exports decreased by 45%, with 4,537 units sold in 2024 compared to 3,134 units in 2023.

Particulars June 2024 June 2023 %Change
Domestic 116930 111875 5%
Exports 4537 3134 45%
Total 121467 115009 6%

Hemant Sikka, - President of the Farm Equipment Sector at Mahindra & Mahindra Ltd., shared his thoughts on the company’s recent performance: “We sold 45,888 tractors in the domestic market in June 2024, which is a 6% increase from last year. This growth is helped by the government’s recent announcements, such as higher foodgrain production, increased minimum support prices for major Kharif crops, and the progress of the Southwest monsoon. These factors are boosting farmers' confidence. 

As retail momentum grows due to land preparation and more Kharif crop planting, we expect strong tractor demand in the coming months. Additionally, our export sales grew by 28%, with 1,431 tractors sold this June.”

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