Published - 01 Dec 2023
by Tractor Junction
Mahindra & Mahindra released Tractor Sales Report for November 2023. The company sold 31069 units in November 2023 as against 29180 units in November 2022 in the Domestic market. Company's domestic tractor sales statistics for 2023 shows a 6% increase. On the other hand, in the Export market, Mahindra's Tractor Sales Report for November 2023 also shows a 25% drop. As, the company sold 1005 units in November 2023 in the Export market as against 1348 units sold in November 2022.
Mahindra tractor total sales recorded 32074 units in November 2023 as against 30528 units in November 2022 that shows a sales increase of 5%.
Particulars | November 2023 | November 2022 | Change % |
---|---|---|---|
Domestic | 31069 | 29180 | 6% |
Exports | 1005 | 1348 | -25% |
Total | 32074 | 30528 | 5% |
Mahindra & Mahindra also announced Year to Date (YTD) April to November Tractor sales figures for 2023. The company sold 279129 units in 2023 as against 282024 units in 2022 in the Domestic market. Company's domestic tractor sales statistics for 2023 shows a 1% decrease. On the other hand, in the Export market, Mahindra's YTD Tractor Sales Report in 2023 shows a 32% decline. The company sold 8475 units in 2023 as against 12547 units in 2022 in the Export market.
Particulars | Year to Date FY’24 | Year to Date FY’23 | Change % |
---|---|---|---|
Domestic | 279129 | 282024 | -1% |
Exports | 8475 | 12547 | -32% |
Total | 287604 | 294571 | -2% |
Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, M&M Ltd. said, “We have sold 31069 tractors in the domestic market during November 2023, a growth of 6% over last year. The festive season saw high demand pull in the domestic market, supported by Kharif harvest realisations, with retails being strong during Dhanteras and Diwali. Terms of trade continue to be favorable for farmers; while rural spending by the Government and progress in Rabi sowing are the factors to watch out for. In the export market, we have sold 1005 tractors.”
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