Mahindra's Farm Equipment Sector Records Highest-Ever Tractor Sales of 64,326 Units in India for October 2024
Mahindra & Mahindra's Farm Equipment Sector released its tractor sales numbers for October 2024, reporting domestic sales of 64,326 units, up from 49,336 units last year. Total sales, including exports, reached 65,453 units, a rise from 50,460 units in October 2023.
Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for October 2024. Domestic sales in October 2024 were at 64326 units, as against 49336 units during October 2023.
Total tractor sales (Domestic + Exports) during October 2024 were at 65453 units, as against 50460 units for the same period last year. Exports for the month stood at 1127 units.
Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said “We have sold 64326 tractors in the domestic market during October, a growth of 30% over last year. The tractor industry has seen very robust growth on the back of many positive factors coming together, notable being a very good monsoon, a good Kharif crop, high reservoir levels which will help in Rabi crops, and the government's announcement of higher MSP on key Rabi crops. With festive season providing momentum to positive sentiments, we expect demand to remain strong in the coming months. In the exports market, we have sold 1127 tractors.”
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Farm Equipment Sector Summary |
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Oct |
Cumulative Oct |
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|
F25 |
F24 |
% Change |
F25 |
F24 |
% Change |
|
Domestic |
64326 |
49336 |
30% |
270562 |
248060 |
9% |
|
Exports |
1127 |
1124 |
0% |
9740 |
7470 |
30% |
|
Total |
65453 |
50460 |
30% |
280302 |
255530 |
10% |
*Exports include CKD
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