Mahindra’s domestic tractor sales decline 21% in December 2021

Mahindra’s domestic tractor sales decline 21% in December 2021

In the wake of delayed and very heavy rainfall in some geographies and the “high base of last year”, Mahindra & Mahindra’s domestic tractor sales in December 2021 has declined 21 per cent as compared to the sales of the corresponding period previous year.

Mahindra & Mahindra’s Farm Equipment Sector (FES), part of the Mahindra Group, announced its tractor sales numbers for December 2021. Domestic tractor sales of the company in December 2021 were at 16,687 units, as against 21,173 units during December 2020.

Mahindra’s total tractor sales, domestic and exports, during December 2021 were at 18,269 units, as against 22,417 units for the same period last year. Exports for the month stood at 1,582 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 16,687 tractors in the domestic market during December 2021. De-growth in December has been based on a combination of factors, including the high base of last year and both delayed and very heavy rainfall in some geographies. We expect momentum to recover in the coming months on account of the good progress of Kharif procurement bringing liquidity in the hands of farmers and Rabi acreage showing signs of growth over last year. In the exports market, we have sold 1,582 tractors, a growth of 27% over last year.”

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Mahindra’s tractor sales summary – December 2021

  December YTD December
  F22 F21 %Change F22 F21 %Change
Domestic 16,687 21,173 -21% 268,868 253,284 6%
Exports 1,582 1,244 27% 12,948 7,320 77%
Total 18,269 22,417 -19% 281,816 260,604 8%

*Exports include CKD

Mahindra Group is one of the largest and most admired multinational federation of companies, is the world’s largest tractor company by volume. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.

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