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Mahindra’s domestic tractor sales grow 7% in January 2020

Mahindra & Mahindra, the largest tractor manufacturer in India, sold 22,329 tractors in domestic market in January 2020 as compared to 20,948 during January 2019

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Mahindra & Mahindra, the largest tractor manufacturer in India, sold 22,329 tractors in domestic market in January 2020 as compared to 20,948 during January 2019. The company exported 787 tractors in the month as against 1,264 tractors exported in the same month last year. Total tractor sales, domestic and exports, during January 2020 were at 23,116 units, as against 22,212 units for the same period last year.

Speaking on the performance, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra said, "We have sold 22,329 tractors in the domestic market during January 2020 with a growth of 7 percent over last year. The tractor demand is likely to see positive momentum, led by the expectations of a good Rabi output and the government’s renewed focus on rural sector through higher allocation as announced in the Union budget. In the exports market, we have sold 787 tractors."

Mahindra’s tractor sales in January 2020 against January 2019

 

January

 

 

Cumulative January

 

F19

F20

%Change

F19

F20

%Change

Domestic

20,948

22,329

7%

280,191

256,606

-8%

Exports

1264

787

-38%

11579

9,135

-21%

Total

22,212

23,116

4%

291,770

265,741

-9%

14 Votes with an average with 3.8
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