Mahindra Sells 23,243 Tractors, Sees 27 % Growth

Mahindra Farm Gear Sector (FES) has unveiled the regular tractor sales numbers for December 2022. Last thirty day period, the company’s complete revenue stood at 23,243 models, witnessing a yr-on-yr expansion of 27 for each cent as opposed to the 18,269 tractors bought in December 2021. In December 2022 company’s domestic income for the month stood at 21,640 units, a rise of 30 for each cent in comparison to the 16,687 tractors marketed all through the very same thirty day period in 2021. Exports on the other hand remained flat at 1603 units, a development of 1 for each cent when compared to the 1,582 tractors exported in December 2021.

Commenting on the overall performance, Hemant Sikka, President – Farm Gear Sector, Mahindra & Mahindra Ltd. said, “We have marketed 21,640 tractors in the domestic market throughout December 2022, a growth of 30% over very last 12 months. Rabi crop sowing has progressed extremely effectively and is better than previous 12 months acreage and also bigger than the average of very last 5 several years. Wheat and oil seeds are envisioned to be bumper harvest. On the back of sturdy Rabi sowing, fantastic kharif procurement and most likely exports of wheat, the sentiments continue on to stay upbeat in the farming sector, main to strong demand for tractors and farm implements. In the exports market, we have marketed 1,603 tractors, a expansion of 1 for each cent about final year.”

Mahindra’s domestic sales for December 2022 stood at 21,640 units, a increase of 30 per cent when compared to the 16,687 tractors sold in December 2021.

As for the company’s yr-to-date (YTD) general performance, in the to start with a few quarters of Monetary Year 2022-23, Mahindra FES’ overall tractor profits stood at 3,17,814 models. As opposed to the 2,81,816 models marketed between April and December 2021, the firm witnessed a expansion of 13 per cent. Mahindra noted equivalent development in domestic gross sales for the exact same time period in 2022. Between April and December 2022, the firm offered 3,03,664 tractors in India, as in opposition to 2,68,868 units bought all through the exact same period in 2021.

At the exact same time, YTD exports grew by 9 for every cent at 14,150 units compared to the 12,948 tractors that were exported during the to start with three quarters of FY2022. The export numbers also contains CKD (Totally Knocked Down) units exported from India.