Mahindra Tractor Sales Report December 2023 : Sold 18,028 Units, Dropped by 17%

Mahindra & Mahindra released Tractor Sales Report for December 2023. The company sold 18,028 units in December 2023 as against 21,640 units in December 2022 in the Domestic market. Company's domestic tractor sales statistics for 2023 shows a 17% decline. On the other hand, in the Export market, Mahindra's Tractor Sales Report for December 2023 also shows a 31% decrease. As, the company sold 1,110 units in December 2023 in the Export market as against 1,603 units sold in December 2022.

Mahindra tractor total sales recorded 19,138 units in December 2023 as against 23,243 units in December 2022 that shows a sales decline of 18%.  

Mahindra Tractor Sales Data December 2023

Mahindra & Mahindra also announced Year to Date (YTD) April to December Tractor sales figures for 2023. The company sold 2,97,157 units in 2023 as against 3,03,664 units in 2022 in the Domestic market. Company's domestic tractor sales statistics for 2023 shows a 2% drop. On the other hand, in the Export market, Mahindra's YTD Tractor Sales Report 2022 shows a 32% decline. 

Mahindra Tractor Sales in India - Year to Date Summary

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, M&M Ltd. said, “We have sold 18,028 tractors in the domestic market during December 2023. Retail momentum slowed down on account of tapering of agricultural activities, which is the norm in the month of December. Announcement of higher horticulture production and continued Government support to the agri sector are expected to support tractor demand. In the exports market, we have sold 1,110 tractors.”