Mahindra & Mahindra Tractor Sold 20437 Units in Feb’22 - 27% YoY Dropped

Mahindra & Mahindra Total Tractor Sales Report

Mahindra & Mahindra, the country's leading and among the top three tractor manufacturers globally, has released tractor sales figures for February 2022. The company has faced a drop in the domestic and export markets. In February 2022, the total sales (domestic + exports) of Mahindra tractors had registered a decline of 27 Percent. The company has sold a total of 20 thousand 427 units. Whereas in February 2021, last year, 28,146 units were sold.

Mahindra & Mahindra Domestic Market Sales 

Mahindra & Mahindra's Farm Equipment Sector has sold 18,910 tractors in the domestic market during February 2022 as against 27,170 tractors sold in February 2021 last year. Thus the domestic market has registered a decline of 30 Percent on a year-on-year basis. Let us tell you here that declining tractor sales continued even in January 2022. Mahindra had recorded a 35 Percent decline in tractor sales in January 2022 on a year-on-year basis. The company sold 21 thousand 162 tractors in the domestic market on January 22. At the same time, the company sold 35 thousand 562 units in January 2021 last year. 

Mahindra & Mahindra Tractor Export

Despite the drop in the domestic market, Mahindra has got an edge in the export market. The company has sold 1527 tractors in the export market in February 2022 against 976 tractors sold in February 2021. On a year-on-year basis, 56 Percent more tractors have been sold in the export market. The company had also made gains in the export market in January 2022. The company had sold 1520 units with a growth of 25 Percent in the export market.

Commenting on the performance, Hemant Sikka, President, Farm Equipment Sector, said that the company had sold 18910 tractors in the domestic market during February 2022. Agricultural indicators remain promising at all-time highs with Rabi sowing and timely record procurement of Kharif crops leaving farmers with high cash liquidity. In addition, there has been a record expansion in the sowing area for the third consecutive Rabi season. As a result, we are optimistic about an all-time high crop production level. At the same time, now the government's focus is on increasing crop incidence in the coming season. This will also bring additional income to the hands of the farmers. He further said that the company had sold 1527 tractors in the export market, 56 Percent more than last year.

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