Mahindra Tractor Sales Report February 2024: Sold 20121 Units, Dropped by 18%

Published - 01 Mar 2024

Mahindra & Mahindra released Tractor Sales Report for February 2024. The company sold 20121 units in February 2024 as against 24619 units in February 2023 in the Domestic market. Company's domestic tractor sales statistics for 2024 shows a 18% decline. On the other hand, in the Export market, Mahindra's Tractor Sales Report for February 2024 also shows a 32% increase. As, the company sold 1551 units in February 2024 in the Export market as against 1172 units sold in February 2023.

Mahindra tractor total sales recorded 21672 units in February 2024 as against 25791 units in February 2023 that shows a sales decline of 16%.

Mahindra Tractor Sales Data February 2024

Particulars	February 2024	February 2023	Change %
Domestic	20121	24619	-18%
Exports	1551	1172	32%
Total	21672	25791	-16%

Mahindra & Mahindra also announced Year to Date (YTD) April to February Tractor sales figures for 2024. The company sold 340250 units in 2024 as against 355909 units in 2023 in the Domestic market. Company's domestic tractor sales statistics for 2024 shows a 4% drop. On the other hand, in the Export market, Mahindra's YTD Tractor Sales Report 2023 shows a 27% decline. The Export sales were 12112 units in 2024 as compared to 16622 units in 2023.

Mahindra tractor total sales recorded 352362 units in Year to Date 2024 as against 372531 units in Year to Date 2023 that shows a sales decline of 5%.

Mahindra Tractor Sales in India - Year to Date Summary

Particulars	Year to Date FY’24	Year to Date FY’23	Change %
Domestic	340250	355909	-4%
Exports	12112	16622	-27%
Total	352362	372531	-5%

*Exports include CKD

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said “We have sold 20121 tractors in the domestic market during February 2024. Southern and western states continue to face agri stress due to erratic and deficient monsoon. However, Rabi crop outlook is very good, with wheat crop likely to be a bumper crop. Harvesting has started in a few states with the government supporting early procurement of wheat crops. Continued government support through various rural schemes and enhanced institutional credit will further help boost tractor demand going forward. In the export market, we have sold 1551 tractors, a growth of 32% over last year.”

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