Registering a 30 per cent growth, Mahindra & Mahindra’s Farm Equipment Sector (FES), part of the Mahindra Group, sold 21,640 tractors in the domestic market in December 2022, as compared to 16,687 units sold during December 2021. The tractor manufacturer, today, announced its tractor sales numbers for December 2022.
The total tractor sales of the company, domestic as well as exports, during December 2022 were at 23,243 units, as against 18,269 units for the same period last year. Exports for the month stood at 1,603 tractors.
Highlighting the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 21,640 tractors in the domestic market during December 2022, a growth of 30 per cent over last year. Rabi crop sowing has progressed very well and is higher than last year acreage and also higher than the average of last five years. Wheat and oilseeds are expected to be bumper harvest.”
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“On the back of strong Rabi sowing, good Kharif procurement and likely exports of wheat, the sentiments continue to remain upbeat in the farming sector, leading to strong demand for tractors and farm implements. In the exports market, we have sold 1,603 tractors, a growth of 1% over last year,” Sikka added.
Farm Equipment Sector Summary
December | YTD December | |||||
F23 | F22 | % Change | F23 | F22 | % Change | |
Domestic | 21640 | 16687 | 30% | 303664 | 268868 | 13% |
Exports | 1603 | 1582 | 1% | 14150 | 12948 | 9% |
Total | 23243 | 18269 | 27% | 317814 | 281816 | 13% |
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.