Mahindra & Mahindra’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for January 2023. Mahindra’s domestic sales in January 2023 were at 27,626 tractors, as against 21,162 tractors during January 2022.
Total tractor sales of Mahindra Tractors, domestic and exports, during January 2023 were at 28,926 units, as against 22,682 units for the same period last year. Exports for the month stood at 1,300 units.
Highlighting the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 27,626 tractors in the domestic market during January 2023, registering a growth of 31 per cent over last year. We are off to a good start to the year with a promising Rabi crop outlook as sowing acreage for key crops of wheat, pulses and oilseeds has already surpassed previous year levels, supported by conducive soil and weather conditions. This bodes well for the coming months, as the farmers start harvesting this bumper crop.”
“In addition, continued government focus and higher investment in this sector will aid positive sentiments and boost tractor demands. In the exports market, we have sold 1300 tractors.”
M&M Farm Equipment Sector Sales Summary
| January | YTD January | |||||
| F23 | F22 | % Change | F23 | F22 | % Change | |
| Domestic | 27626 | 21162 | 31% | 331290 | 290030 | 14% |
| Exports | 1300 | 1520 | -14% | 15450 | 14468 | 7% |
| Total | 28926 | 22682 | 28% | 346740 | 304498 | 14% |
Mahindra Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.
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