Mahindra Tractors Sells 19,997 Units in INDIA During Aug'21; Declined by 15%

Mahindra Tractors Sells 19,997 Units in INDIA During Aug'21; Declined by 15%

Posted On - 01 Sep 2021

Mahindra's Domestic Tractor sales in August 2021 were at 19997 units, as against 23503 units during August 2020. Total tractor sales (Domestic + Exports) during August 2021 were at 21360 units, as against 24458 units for the same period last year. Exports for the month stood at 1363 units.

 

M&M- FES
Particulars August YTD August
  F22 F21 %Change F22 F21 %Change
Domestic 19997 23503 -15% 141614 112543 26%
Exports 1363 955 43% 6904 2974 132%
Total 21360 24458 -13% 148518 115517

29%

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 19,997 tractors in the domestic market during August 2021 over last year. Industry saw a de-growth in August over last year due to high base effect. We saw smart recovery in overall acreage of Kharif crops with most of the key crops posting acreage levels closer to last year sown area, despite erratic monsoon in select markets. With the festive period on the anvil, which also coincides with the harvesting season, we are anticipating a robust demand in the coming months. In the exports market, we have sold 1363 tractors with a growth of 43% over last year”.

 

 

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