Mahindra's Farm Equipment Sector Sells 22,019 Tractor Units in India, Achieves 22% Growth in December 2024
Mahindra Group's tractor sales for December 2024 rose 20%, with domestic sales up 22% to 22,019 units. Total sales, including exports, reached 22,943 units.
Mahindra Group announced its tractor sales figures for December 2024 today. The company shared the details of its performance for the month.
Domestic sales in December 2024 were at 22019 units, as against 18028 units during December 2023.
Total tractor sales (Domestic + Exports) during December 2024 were at 22943 units, as against 19138 units for the same period last year. Exports for the month stood at 924 units.
Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said “We have sold 22019 tractors in the domestic market during December 2024, a growth of 22% over last year. Sentiments have remained positive in December on account of positive cash flow momentum from Kharif harvest. Additionally, favourable reservoir levels have resulted in strong sowing for the rabi season, further bolstering demand for tractors. Looking ahead, the tractor industry is poised for significant growth, underpinned by positive agricultural sentiments and favourable terms of trade for farmers. In the exports market, we have sold 924 tractors.”
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Farm Equipment Sector Summary |
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December |
YTD December |
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|
F25 |
F24 |
% Change |
F25 |
F24 |
% Change |
|
|
|
|
|
|
|
|
|
Domestic |
22019 |
18028 |
22% |
324327 |
297157 |
9% |
|
Exports |
924 |
1110 |
-17% |
12296 |
9585 |
28% |
|
Total |
22943 |
19138 |
20% |
336623 |
306742 |
10% |
*Exports include CKD
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