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Mahindra’s tractor sales grow 12% in November 2022

Mahindra & Mahindra’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for November 2022. Mahindra FES registered a 12 per cent growth in the domestic market in November 2022 with sales of 29,180 tractors, as against 26,094 units during November 2021. Total tractor sales of the company, domestic […]
Mahindra’s tractor sales grow 12% in November 2022
Mahindra’s tractor sales grow 12% in November 2022

Mahindra & Mahindra’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for November 2022. Mahindra FES registered a 12 per cent growth in the domestic market in November 2022 with sales of 29,180 tractors, as against 26,094 units during November 2021.

Total tractor sales of the company, domestic as well as exports, during November 2022 were at 30,528 tractors, as against 27,681 units for the same period last year. Exports for the month stood at 1,348 units.

Highlighting the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra, said, “We have sold 29,180 tractors in the domestic market during November 2022, a growth of 12 per cent over last year. Demand continued to remain strong in the post-festival period on account of brisk sowing of Rabi crops, fuelled by high moisture content in the soil and healthy reservoir levels and is expected to beat last year’s record sowing of 70 million hectares.”

“Procurement of Kharif crops has progressed well, bringing liquidity in the hands of farmers and this augur very well for the tractor industry’s growth. In the exports market, we have sold 1,348 tractors,” Sikka added.

Mahindra FES tractor sales summary

November YTD November
F23 F22 % Change F23 F22 % Change
Domestic 29,180 26,094 12% 2,82,024 2,52,181 12%
Exports 1,348 1,587 -15% 12,547 11,366 10%
Total 30,528 27,681 10% 2,94,571 2,63,547 12%

 

One of the biggest and most renowned international conglomerates, Mahindra Group is the world’s largest tractor manufacturer by volume and holds a dominant position in the fields of farm equipment, utility vehicles, information technology, and financial services in India. It is well-established in the fields of agriculture, logistics, hospitality, and renewable energy.

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