Domestic sales in November 2023 were at 31,069 units, as against 29,180 units during November 2022.
Total tractor sales (Domestic + Exports) during November 2023 were at 32,074 units, as against 30,528 units for the same period last year. Exports for the month stood at 1,005 units.
Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said “We have sold 31,069 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 favourable for farmers; while rural spending by Government and progress in Rabi sowing are the factors to watch out for. In the exports market, we have sold 1,005 tractors."
| Farm Equipment Sector Summary | ||||||
|---|---|---|---|---|---|---|
| November | Cumulative Nov | |||||
| F24 | F23 | % Change | F24 | F23 | % Change | |
| Domestic | 31069 | 29180 | 6% | 279129 | 282024 | -1% |
| Exports | 1005 | 1348 | -25% | 8475 | 12547 | -32% |
| Total | 32074 | 30528 | 5% | 287604 | 294571 | -2% |
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