Domestic sales
Domestic sales of Mahindra FES in September 2024 are at 43,201 units, corresponding to 42,034 units during September 2023. The domestic sales observed a growth of 10%.
Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said “We have sold 43201 tractors in the domestic market during September, a growth of 3% over last year. Monsoon rainfall has seen an increase of 7.5% over LPA and this has helped increase in Kharif sowing of all crops except cotton. Reservoir levels have recovered very well and are now at 13% higher than LPA, which augurs very well for a bumper Rabi crop. On the back of good kharif crop and likely strong Rabi crop, rural sentiments are positive. With positive terms of trade for farmers and upcoming festivals, we expect robust demand for tractors going forward. In the exports market, we have sold 1055 tractors.”
Total sales
Total tractor sales of Mahindra FES (Domestic + Exports) recorded for September 2024 are at 44,256 units, as against 43,210 units for the same period last year. The total sales grew 2% Y-o-Y.
The exports observed a drop of 10% with 1,055 units sold previous month in comparison with 1,176 units for September 2024.
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