Published - 01 Jul 2022
Mahindra & Mahindra Ltd.'s Farm Equipment Sector (FES) released a tractor sales report for June 2022. Mahindra Tractor domestic tractor sales dropped by 15%. As a result, the Company sold 39825 units in June 2022 against 46875 units in June 2021.
Mahindra's Total Sales (Domestic + Export) in June 2022 were 41848 units compared to 48222 units in June 2021. And exports in June 2022 were 2023 units, recording 50% growth.
Hemant Sikka (President - Farm Equipment Sector, Mahindra & Mahindra Ltd) said, "We have sold 39825 tractors in the domestic market during June 2022. With good prices for Rabi output, cash flow with farmers is good. Government's approval of an increase in MSP for all Kharif crops and forecast of a normal monsoon is very positive for a bumper Kharif crop. Though Kharif sowing is lagging in the first fortnight of the season than last year due to deficient rainfall in key kharif states, further advancement of Southwest monsoons across the country brings in positive sentiments and is likely to boost the tractor demands in the coming months. In the exports market, we have sold 2023 tractors with a growth of 50% over last year".
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Mahindra & Mahindra was founded in 1945 as a multinational federation of companies. The Company has a presence in over 100 countries with 260000 employees. Mahindra is the leader in farm equipment, information technology, utility vehicles and financial services worldwide. It also has a presence in agriculture, renewable energy, logistics, real estate and hospitality.
The Company has a precise aim of leading ESG globally, enhancing urban living and rural prosperity with a goal of change in the lives of stakeholders and communities to enable them to Rise.
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