Published - 01 Mar 2023 by Tractor Junction
The Mahindra & Mahindra Ltd. recently compiled its February 2023 tractor sales report. The overall sales of Mahindra tractors in February 2023 were 25791 units, compared to 20437 units in February 2022. The overall Mahindra sales data for February 2023 shows a 26% increase.
Mahindra’s domestic tractor sales were compiled at 24619 units in February 2023, compared to 18910 units in February 2022. The domestic tractor sales of Mahindra show a massive increase in sales by 30%.
The export sales of Mahindra tractors were compiled at 1172 units in February 2023, compared to 1527 units in February 2022. The export sales data shows a decline in export sales by 23%.
Here is a quick Mahindra & Mahindra tractor sales report for February 2023.
Particulars | February 2023 | February 2022 | % change |
---|---|---|---|
Domestic | 24619 | 18910 | 30% |
Exports | 1172 | 1527 | -23% |
Total | 25791 | 20437 | 26% |
Here is Mahindra’s tractor sales year to date change for the current year and previous year.
Particulars | 2023 | 2022 | %change |
---|---|---|---|
Domestic | 355909 | 308940 | 15% |
Exports | 16622 | 15995 | 4% |
Total | 372531 | 324935 | 15% |
Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 24,619 tractors in the domestic market during February 2023, a growth of 30% over last year. Record Rabi crop acreage for wheat and oilseeds, high crop prices and better terms of trade for farmers is leading to positive sentiments in the rural markets. Expected higher Rabi output will improve liquidity in the hands of the farmers, supporting tractor demand. Water reservoir levels continue to remain high. In the export market, we have sold 1172 tractors.”
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