Total tractor sales (Domestic + Exports) during July 2024 were at 27209 units, as against 25175 units for the same period last year. Exports for the month stood at 1622 units.
Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 25587 tractors in the domestic market during July’24, at a growth of 6% over last year. The South-West monsoon has progressed very well in the month of July, with surplus rainfall in Central, Western and Southern states; while Bihar, Haryana, Punjab and parts of eastern UP and Jharkhand are still in deficient rainfall category. Kharif sowing has progressed considerably across India, uplifting farmer sentiments."
"Higher crop prices for wheat and potato and increase in MSP for all major kharif crops has further elevated farmers sentiments. Rainfall progress remains a key monitorable for the coming months. With budget allocations supporting the agri and rural economy and favourable terms of trade for the farmers, the upcoming festive season is looking very promising for the tractor industry. In the export market, we have sold 1622 tractors, a growth of 61% over last year,” he added.
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