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Mahindra Tractors Sales 46875 Units in India during June 2021; UP by 31%

Share Product Published - 01 Jul 2021 by Tractor Junction

Mahindra Tractors Sales 46875 Units in India during June 2021; UP by 31%

Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for June 2021, which indicate a clear growth path in the upcoming season.

Domestic sales in June 2021 were at 46875 units, as against 35844 units during June 2020, registered growth of 31%.

 

Mahindra - FES (M&M+Swaraj+Trakstar)
  June April-June'21- Q1
  F22 F21 %Change F22 F21 %Change
Domestic 46875 35844 31% 95848 64577 48%
Exports 1347 700 92% 1080 380 278%
Total 48222 36544 32% 99929 65657 52%


Total tractor sales (Domestic + Exports) during June 2021 were at 48222 units, as against 36544 units for the same period last year.

Exports for the month stood at 1347 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, "We have sold 46875 tractors in the domestic market during June 2021 with a growth of 31% over last year. The sharp fall in Covid-19 cases and resultant easing of related restrictions, arrival of timely monsoon, increase in MSP rates for key kharif crops and continued strong Government support to all agri activities is giving a very strong momentum to tractor demand. We continue to remain optimistic about the progress of the monsoon and tractor demand in the coming months. In the exports market, we have sold 1347 tractors with a growth of 92%".

Shares of MAHINDRA & MAHINDRA LTD. was last trading in BSE at Rs.778.35 as compared to the previous close of Rs. 781.75. The total number of shares traded during the day was 87040 in over 4304 trades.

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