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Mahindra FES records highest-ever tractor sales in a month in India; See the numbers…

Festive season kept the spirits high and led to very strong momentum in demand for tractors and farm machinery
Mahindra FES records highest-ever tractor sales in a month in India; See the numbers…
Mahindra FES records highest-ever tractor sales in a month in India; See the numbers…

With crossing 50,000 tractors in October 2022, Mahindra & Mahindra’s Farm Equipment Sector, part of the Mahindra Group, recorded the highest-ever tractor sales in a month in India. The tractor manufacturing company today, announced its tractor sales numbers for October 2022.

The company’s domestic sales in October 2022 were at 50,539 units, as against 45,420 units in October 2021. Total Mahindra tractor sales (domestic + exports) during October 2022 were at 51,994 units, as against 47,017 units for the same period last year. Exports for the month stood at 1455 units.

Highlighting the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 50,539 tractors in the domestic market during October 2022, a growth of 11 per cent over last year. The festive season kept the spirits high and led to very strong momentum in demand for tractors and farm machinery. The recent Government announcement of higher MSP for key Rabi crops, good moisture content in the soil, high reservoir levels and good progress in sowing for Rabi crops are all positives for continued good demand for tractors in the coming months. In the exports market, we have sold 1455 tractors.”

Mahindra’s Farm Equipment Sector Summary

October YTD October
F23 F22 % Change F23 F22 % Change
Domestic 50539 45420 11% 252844 226087 12%
Exports 1455 1597 -9% 11199 9779 15%
Total 51994 47017 11% 264043 235866 12%

 

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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