MUMBAI, 6 January 2025: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for December 2024.
Domestic sales in December 2024 were at 22019 units, as against 18028 units during December 2023.
Total tractor sales (Domestic + Exports) during December 2024 were at 22943 units, as against 19138 units for the same period last year. Exports for the month stood at 924 units.
Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said “We have sold 22019 tractors in the domestic market during December 2024, a growth of 22% over last year. Sentiments have remained positive in December on account of positive cash flow momentum from Kharif harvest. Additionally, favourable reservoir levels have resulted in strong sowing for the rabi season, further bolstering demand for tractors. Looking ahead, the tractor industry is poised for significant growth, underpinned by positive agricultural sentiments and favourable terms of trade for farmers. In the exports market, we have sold 924 tractors.”
| Farm Equipment Sector Summary | |||||||||||||
| December | YTD December | ||||||||||||
| F25 | F24 | % Change | F25 | F24 | % Change | ||||||||
| Domestic | 22019 | 18028 | 22% | 324327 | 297157 | 9% | |||||||
| Exports | 924 | 1110 | -17% | 12296 | 9585 | 28% | |||||||
| Total | 22943 | 19138 | 20% | 336623 | 306742 | 10% | |||||||
*Exports include CKD
