Mahindra Tractor total sales dropped by 14% in July 2022 as sold 23,307 units

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES) announced its tractor sales in July 2022. 

Mahindra registered its domestic sales at 21,684 units in July 2022, which declined by 16% against 25,769 units in July 2021. 

Total mahindra tractor sales of the company (Domestic+Exports) during the same month in the year 2022 were at 23,307 units which is an 11% increase compared to last year, where the company sold 27,229 units. Exports for the month of July 2022 stood at 1623 units as against 1460 units sold in July 2021. 

Mr Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd., said, “We have sold 21,684 tractors in the domestic market during July 2022. After a very strong Q1 wherein we achieved a volume growth of 18%, the month of July witnessed normalization in volumes. July is traditionally a lean month as the land preparation phase, wherein a tractor finds highest utility, gets over and farmers start sowing their crops. Monsoon, which is a key determinant of Agri growth, has remained on course so far. Overall rainfall has been higher than normal barring a few states in Eastern part of the country, which have received deficient rainfall until now. With these states being the country's key paddy producing markets, recovery in rainfall is crucial. Festive season falling in the later half of August and sufficient rainfalls across most of geographies will shape up the industry in the upcoming months. In the exports market, we have registered an 11% growth by selling 1623 tractors, over last year.”