Mahindra’s tractor sales grow 23% in Dec 2020

Mahindra’s tractor sales grow 23% in Dec 2020
Mahindra’s total tractor sales, domestic and exports, during December 2020 were at 22,417 units, as against 17,991 units for the same period last year

Mahindra & Mahindra’s Farm Equipment Sector (FES), recently announced its tractor sales numbers for December 2020.

Domestic sales in December 2020 were at 21,173 units, as against 17,213 units during December 2019.

Total tractor sales, domestic and exports, during December 2020 were at 22,417 units, as against 17,991 units for the same period last year. Exports for the month stood at 1,244 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra said, “We have sold 21,173 tractors in the domestic market during December 2020 with a growth of 23 percent over last year. The wholesale volumes continued to be strong fuelled by restoration of channel inventory post the festive season, announcement of hike in tractor prices by major OEMs and anticipation of sustained demand on the back of higher Rabi acreage, government support in Kharif procurement and rural development schemes. In the exports market, we have sold 1,244 tractors, with a growth of 60 percent over last year.”

Mahindra & Mahindra’s tractor sales

  December Cumulative December
  F20 F21 %Change F20 F21 %Change
Domestic 17,213 21,173 23% 234,277 253,284 8%
Exports 778 1,244 60% 8,348 7,320 -12%
Total 17,991 22,417 25% 242,625 260,604 7.4%

 

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