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Mahindra’s Farm Equipment Sector Sells 29,817 Units in India during March 2021

KJ Staff
KJ Staff
hemant sikka
Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd.

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 19.4 billion Mahindra Group, today (1 April 2021) announced its tractor sales numbers for March 2021.  

Domestic sales in March 2021 were at 29,817 units, as against 13,418 units during March 2020.  

Total tractor sales (Domestic + Exports) during March 2021 were at 30,970 units, as against 13,613 units for the same period last year.  

Exports for the month stood at 1,153 units.  

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 29,817 tractors in the domestic market during March 2021 with a growth of 122% over last year. Impact of lower base coupled with continued positive sentiments driven by healthy reservoir levels, higher MSP and increased liquidity, have led to strong wholesale growth in March. Tractor demand is expected to remain strong as Rabi harvesting is progressing well along with the onset of sowing of summer crops in select markets. In the exports market, we have sold 1,153 tractors, a growth of 491% over last year.” 

Farm Equipment Sector (FD+SD+Gromax) 

 

March 

Cumulative March 

  

F20 

F21 

%Change 

F20 

F21 

%Change 

 

 

 

 

 

 

 

Domestic 

13418 

29817 

122% 

291901 

343833 

18% 

  

 

 

 

 

 

 

Exports 

195 

1153 

491% 

10014 

10665 

7% 

  

  

  

 

  

  

 

Total 

13613 

30970 

128% 

301915 

354498 

17.4% 

*Exports include CKD 

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