Mahindra & Mahindra Ltd (M&M) has reported total tractor sales of 48,222 units in the month of June, recovering from the disruptions induced by Covid-19 second wave. It sold a total of 36,544 tractors in June last year, when sales were impacted by the countrywide lockdown imposed to stop the spread of coronavirus.
The company had sold 24,184 units in the month of May, during the peak of the second wave of Covid-19. In addition, domestic sales in June were at 46,875 units as compared to 35,844 units in June 2020, the company said in a statement.
Exports in June stood at 1,347 units as compared to 700 units in the same month last year.
Hemant Sikka, President – Farm equipment sector, Mahindra & Mahindra, said the sharp fall in covid-19 cases and resultant easing of related restrictions, arrival of timely monsoon, increase in MSP rates for key kharif crops and continued strong government support to all agri activities is giving a very strong momentum to tractor demand and he is optimistic about the progress of the monsoon and tractor demand in the coming years. The company is optimistic about the further increase in sales of tractors
About Mahindra Group:
It was founded in 1945 and is one of the largest and most admired multinational automotive manufacturing companies with 260,000 employees in over 100 countries. It has a strong and influential position in farm equipment, utility vehicles, information technology and financial services in India and is world’s largest tractor company by volume. It also has a presence in renewable energy, agriculture, logistics, hospitality and real estate. It was ranked 17th in the list of top companies in India by fortune India 500 in 2018.
The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stake holders to enable them to rise.
