Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group on Wednesday (1 December) announced its tractor sales numbers for November 2021. It said that domestic sales in the month of November were at 26094 units, as compared to 31619 units in November last year.
Total tractor sales (Domestic plus Exports) during November 2021 were at 27681 units, as against 32726 units for the same period last year.
Exports for the month stood at 1587 units.
Commenting on the performance, President of Farm Equipment Sector, Mahindra & Mahindra Ltd. Hemant Sikka, said that “We have sold 26094 tractors in the domestic market during November 2021. De-growth over November 2020 is due to high base of last year and incessant rains in some states. Rural sentiments continue to remain positive on account of good Rabi sowing and high reservoir levels. Escalation in procurement for Kharif crop will bring steady cash flows, which is expected to boost tractor demand going forward. In the exports market, we have sold 1587 tractors, a growth of 43% over last year.”
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Farm Equipment Sector Summary - November 2021 |
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November |
YTD November |
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|
|
F22 |
F21 |
%Change |
F22 |
F21 |
%Change |
|
Domestic |
26094 |
31619 |
-17% |
252181 |
232111 |
9% |
|
Exports |
1587 |
1107 |
43% |
11366 |
6076 |
87% |
|
Total |
27681 |
32726 |
-15% |
263547 |
238187 |
11% |
*Exports include CKD
About Mahindra Group
The Mahindra Group, which was founded in 1945 , is one of the largest and most admired multinational federation of companies with 260,000 employees across 100 nations. The company enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.
