Mahindra & Mahindra’s Farm Equipment Sector (FES), today announced its tractor sales numbers for September 2021. Domestic sales in September 2021 were at 39,053 units, as against 42,361 units during September 2020.
Total tractor sales – domestic along with exports – during September 2021 were at 40,331 units, as against 43,386 units for the same period last year. Exports for the month stood at 1,278 units.
Highlighting the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 39,053 tractors in the domestic market during September 2021. Strong revival in rainfall during September brought cheers to the farming community, with the entire rainfall deficit wiped off by end of September and monsoon achieving normal levels. This is back-to-back normal or above-normal monsoon for the third year.”
“Reservoir levels have improved and excess rainfall in September will lead to high moisture content in the soil, leading to strong Rabi sowing. With initial crop production estimates indicating the highest ever Kharif crop, coupled with the upcoming festive season, we are optimistic of a strong demand in the coming months. In the exports market, we have sold 1,278 tractors with a growth of 25 per cent over last year,” Sikka added.
Farm Equipment Sector Summary – September 2021
Mahindra Group, a leading multinational federation 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.