Mahindra’s domestic tractor sales grow 18% in September 2020

Mahindra’s domestic tractor sales grow 18% in September 2020
Backed by a good monsoon, higher Kharif acreage, including higher MSPs for key crops, Mahindra’s domestic tractor sales grow 18 percent in September 2020

Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the USD 19.4 billion Mahindra group, sold 42,361 tractors in domestic market in September 2020 as against 36,046 units sold during September 2019.

Total tractor sales, domestic and exports, in September 2020 were at 43,386 units, as against 37,011 units for the same month in 2019. Exports for the month stood at 1,025 units as against 965 units in the same month in 2019.

The company, Thursday, announced its tractor sales numbers for September 2020.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 42,361 tractors in the domestic market during September 2020, a growth of 18 percent over last year. Retail demand continued to be buoyant backed by a very good monsoon, higher Kharif acreage and continued government support, including higher MSPs for key crops. We are looking forward to a very robust demand for the festive season ahead. In the exports market, we have sold 1,025 tractors, a growth of 6 percent over last year.”

Mahindra’s tractor sales in September

  September Cumulative September
  F20 F21 %Change F20 F21 %Change
Domestic 36046 42361 18% 152004 154904 2%
Exports 965 1025 6% 6166 3999 -35%
Total 37011 43386 17% 158170 158903 0.5%

Read more: Sonalika records highest ever H1 sales of tractors & implements in FY’21 

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