Agriculture

Mahindra’s tractor sales grow 21% in February 2020

The tractor demand trend is expected to strengthen on the back of a robust Rabi output and the prevailing crop prices

Mahindra’s tractor sales grow 21% in February 2020

Mahindra & Mahindra, India’s largest tractor manufacturer, sold 21,877 tractors in domestic market in February 2020, as against 18,105 units during February 2019, a growth of 21 percent. Total tractor sales of the company, domestic as well as exports, in the month were at 22,561 units, as against 18,978 units for the same period last year, a growth of 19 percent. Exports for the month stood at 684 units, Mahindra & Mahindra’s Farm Equipment Sector (FES) said in a statement on Monday while releasing the tractor sales for February 2020.

Commenting on the February sales, Rajesh Jejurikar, President – Farm Equipment Sector, Mahindra & Mahindra said, “We are happy to see a growth of 21 percent in domestic tractor sales over last year. We have sold 21,877 tractors in the domestic market during February, 2020. The tractor demand trend is expected to strengthen on the back of a robust Rabi output and the prevailing crop prices. Going forward, the increase in rural and agri spending on core schemes by the Government should augur well for the industry. In the exports market, we have sold 684 tractors.”

Mahindra & Mahindra’s tractor sales

 

February

 

 

Cumulative February

 

F19

F20

%Change

F19

F20

%Change

Domestic

18105

21877

21%

298296

278483

-7%

Exports

873

684

-22%

12452

9819

-21%

Total

18978

22561

19%

310748

288302

-7%




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