Mahindra Tractor Sales Report May 2024: Sold 35237 Units, Raised by 6%

Share Product Published - 01 Jun 2024 by Tractor Junction

Mahindra Tractor Sales Report May 2024: Sold 35237 Units, Raised by 6%

Mahindra & Mahindra published the Tractor Sales Report for May 2024. In May 2024, the company's sales in the Domestic market increased to 35237 units from 33113 units in May 2023. The sales data for 2024 of the company's tractors within the country indicate a 6% growth. 

Meanwhile, in the Export market, Mahindra's Tractor Sales Report for May 2024 indicates an 85% increase. The company achieved sales of 1872 units in the Export market in May 2024, compared to 1013 units sold in May 2023.

Mahindra tractor total sales recorded 35237 units in May 2024 as against 33113 units in May 2023 that shows a sales increase of 6%.  

Mahindra Tractor Sales Data May 2024

Particulars May 2024 May 2023 Change%
Domestic 35237  33113  6%
Exports 1872 1013 85%
Total 37109 34126 9%

Mahindra & Mahindra also announced Year to Date (YTD) May Tractor sales figures for 2024. The company experienced an increase in domestic sales, selling 71042 units in 2024 compared to 68511 units in 2023. The company's sales data for tractors within the country in 2024 indicates a increase of 4%. 

However, Mahindra's YTD Tractor Sales Report 2023 indicates a 54% increase in the Export market. In 2024, there were 3106 units of Export sales, which was lower than the 2020 units in 2023. 

Mahindra Tractor Sales Data May 2024 - Year to Year Date Summary

Particulars Year to Date FY’24 Year to Date FY’23 Change%
Domestic 71042 68511 4%
Exports 3106 2020 54%
Total 74148 70531 5%

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 35237 tractors in the domestic market during May’24, a growth of 6% over last year. Coupled with the timely arrival of southwest monsoon in Kerala and northeast states and forecast of an above normal monsoon has improved the on-ground sentiments of the farmers. Land preparation activities for Kharif crops are expected to begin on time, which is likely to boost tractor demand in coming months. In the exports market, on the back of OJA exports to USA, we have sold 1872 tractors, a growth of 85% over last year.”

Tractor Junction also Offer a Monthly Subscription of Tractor Sales (Wholesale, Retail, Statewise, Districtwise, HPwise) Report. Please Contact us for the detailed report.

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