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Mahindra’s Farm Equipment Sector Sells 25769 Units in India Last Month

KJ Contributor
KJ Contributor
Mahindra
Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd.

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for July 2021.   Domestic sales in July 2021 were at 25769 units, as against 24463 units during July 2020.  

Total tractor sales (Domestic + Exports) during July 2021 were at 27229 units, as against 25402 units for the same period last year.  Exports for the month stood at 1460 units.  

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, We have sold 25769 tractors in the domestic market during July 2021 with a growth of 5% over last year. Demand remained buoyant in July as crop sowing operations gained traction with monsoon picking up pace across all the regions. Easing of COVID curbs & robust farm incomes on account of record Rabi crop procurement has bode well for the rural economy. We continue to stay bullish on tractor demand in the coming months owing to revival of monsoon, hike in MSP of key Kharif crops & upcoming festival season. In the exports market, we have sold 1460 tractors with a growth of 55%”. 

Farm Equipment Sector  

  

Jul 

Cumulative Jul 

  

F22 

F21 

%Change 

F22 

F21 

%Change 

Domestic 

25769 

24463 

5% 

121617 

89040 

37% 

 

Exports 

 

1460 

 

939 

 

55% 

 

5541 

 

2019 

 

174% 

  

  

  

 

  

  

 

Total 

27229 

25402 

7% 

127158 

91059 

40% 

*Exports include CKD 

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