Mahindra’s Farm Equipment Sector sells 28,112 tractors in India in March 2022

Mahindra’s Farm Equipment Sector sells 28,112 tractors in India in March 2022
Mahindra & Mahindra’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for March 2022

Mahindra & Mahindra’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for March 2022.

Domestic sales in March 2022 were at 28,112 units, as against 29,817 units during March 2021. Total tractor sales, domestic and exports, during March 2022 were at 29,763 units, as against 30970 units for the same period last year. Exports for the month stood at 1651 units.

Speaking on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 28,112 tractors in the domestic market during March 2022. Record procurement of Kharif acreage, substantial increase in exports of agricultural products like wheat, sugar and cotton will help improve the financial position of the farmers leading to better cash flow in the rural markets to help boost tractor demand going forward.”

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“Acreage of Kharif crops has already crossed last year’s levels, which augurs well for agri incomes. This will get a further boost with an early forecast of a normal monsoon. In the exports market, we have sold 1651 tractors, a growth of 43 per cent over last year,” Sikka added.

Farm Equipment Sector Summary – March 2022
  March YTD March
  F22 F21 %Change F22 F21 %Change
Domestic 28112 29817 -6% 337052 343833 -2%
Exports 1651 1153 43% 17646 10665 65%
Total 29763 30970 -4% 354698 354498 0%

Mahindra Group is one of the largest and most admired multinational federations of companies, 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.

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