Mahindra Tractor Sales Report November 2024: Sold 31,746 Units, Raised by 2%

Mahindra & Mahindra has recently updated its Tractor Sales Report for November 2024. The report highlights a notable increase in domestic sales, with the company selling 31746 tractors in November 2024 from 31069 units in November 2023. This represents a 2% growth in domestic sales. 

In the export market, Mahindra saw an outstanding 62% increase in sales, achieving 1632 units in November 2024 compared to 1005 units in November 2023. This boost in sales underscores the company’s strong performance in the international market.

Overall, Mahindra’s total tractor sales for November 2024 reached 33378 units, an increase from 32074 units sold in November 2023. This highlights a significant 4% increase in total sales, reflecting the company’s robust growth across both domestic and international markets.

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Mahindra Tractor Sales Data November 2024

The company also announced its Year-to-Date (YTD) tractor sales figures for November 2024. Mahindra sold 302,308 units in the domestic market from November 2024 compared to 279,129 units during the same period in 2023. This marks an 8% growth in domestic sales.

In the export market, Mahindra achieved an exceptional 34% growth in Year-to-Date sales, selling 11,372 units in 2024 compared to 8,475 units in 2023. Overall, the company’s total YTD tractor sales reached 313,680 units by November 2024, compared to 287,604 units in 2023, marking a 9% increase.

These sales figures highlight Mahindra & Mahindra’s consistent growth and strong performance across both domestic and international markets.

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

Hemant Sikka, President of the Farm Equipment Sector at Mahindra & Mahindra Ltd. said, "In November 2024, we sold 31,746 tractors in the domestic market, achieving 2% growth compared to last year. With the Kharif harvest complete, farmers are moving ahead with Rabi sowing. The slight decline in the industry is due to the shift in festive seasons like Diwali and Dhanteras compared to last year. Positive farmer sentiments, healthy cash flows, good reservoir levels, and higher MSP for key Rabi crops are boosting confidence. We expect strong Rabi sowing and a good harvest to increase tractor demand further. In exports, we sold 1,632 tractors, marking a 62% growth over last year."

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