Mahindra & Mahindra’s Farm Equipment Sector (FES), today announced its tractor sales numbers for June 2022. With a decline of 15 per cent, domestic sales in June 2022 were at 39,825 units, as against 46,875 units during June 2021.
Total tractor sales — domestic as well as exports — during June 2022 were at 41,848 units, as against 48,222 units for the same period last year. Exports for the month stood at 2023 units.
Underlining the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 39,825 tractors in the domestic market during June 2022. With good prices for Rabi output, cash flow with farmers is good. Government’s approval on increase in MSP for all Kharif crops and forecast of a normal monsoon is very positive for a bumper Kharif crop.”
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“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 monsoon 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 per cent over last year.”
Farm Equipment Sector Summary – June 2022
Mahindra Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.