The domestic tractors of Mahindra & Mahindra declined 37 per cent in January 2022 as compared to the same month in 2021. M&M’s Farm Equipment Sector (FES) today announced its tractor sales numbers for January 2022. Domestic tractor sales in January 2022 were at 21,162 units, as against 33,562 units during January 2021.
Total tractor sales of the company, domestic and exports, during January 2022 were at 22,682 units, as against 34,778 units for the same period last year. Exports for the month stood at 1,520 units.
Elaborating the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 21,162 tractors in the domestic market during January 2022. On the back of good rainfall and high moisture content in the soil, Rabi sowing has been very good, and this bodes very well for a bumper crop harvest. Continued government focus on agriculture, rural infrastructure and higher cash flows with rabi harvest, will lead to positive sentiments and an increase in tractor demand. In the exports market, we have sold 1,520 tractors, registering a growth of 25 per cent over last year.”
Mahindra’s tractor sales figures
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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. It is the world’s largest tractor manufacturing company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.