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Mahindra's tractor sells decline 15% August 2019

In the wake of improved monsoon and sowing pattern in Kharif season, Mahindra & Mahindra is optimist to see rising sales in the coming months

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Domestic sales of Mahindra & Mahindra’s Farm Equipment Sector (FES) has declined 15 per cent in August 2019 as compared to August 2018. In August 2019, domestic sales were at 13,871 units, as against 16,375 units during August 2018. Total tractor sales, domestic and exports, during August 2019 were at 14,817 units, as against 17,785 units for the same period last year. Exports for the month stood at 946 units as compared to 1410 units sold in August 2018. However, in the wake of improved monsoon spread and sowing pattern in Kharif season, the company is optimist to see rising sales in the coming months.

The India’s largest tractor manufacturing company, Mahindra & Mahindra today announced its tractor sales numbers for August 2019.

Highlighting the sales figures, Rajesh Jejurikar, President - Farm Equipment Sector, Mahindra & Mahindra said, "We have sold 13,871 tractors in the domestic market during August 2019. The improved monsoon spread and sowing pattern for the Kharif crop is likely to help boost rural sentiment going into the festive season. The recently announced fiscal measures by the Government may also provide the necessary stimulus for tractor demand uptick. In the exports market, we have sold 946 tractors."

Farm Equipment Sector

 

August

 

 

Cumulative August

 

F19

F20

%Change

F19

F20

%Change

Domestic

16375

13871

-15%

135,309

115,958

-14%

Exports

1410

946

-33%

5939

5201

-12%

Total

17,785

14,817

-17%

141,248

121,159

-14%

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