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Farm Equipment


Mahindra Tractors sells 24276 units during March 2024

Mahindra Tractors sells 24276 units during March 2024

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for March 2024.

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MUMBAI, 2 April 2024: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for March 2024.

Domestic sales in March 2024 were at 24276 units, as against 33622 units during March 2023. 

Total tractor sales (Domestic + Exports) during March 2024 were at 26024 units, as against 35014 units for the same period last year. Exports for the month stood at 1748 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said “We have sold 24276 tractors in the domestic market during March 2024. Government announcement of increased advance estimate of horticulture production and Rabi wheat output higher than last year is expected to bring positive sentiments among farmers. Forecast of a normal South -West monsoon this year is expected to further boost tractor demand in the coming months.   In the exports market, we have sold 1748 tractors, a growth of 26% over last year.”         

Farm Equipment Sector Summary

March

YTD March

F24

F23

% Change

F24

F23

% Change

Domestic

24276

33622

-28%

364526

389531

-6%

Exports

1748

1392

26%

13860

18014

-23%

Total

26024

35014

-26%

378386

407545

-7%

*Exports include CKD 


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