Mahindra FES overall tractor sales increased by 6% in June 2023

Mahindra Domestic tractor sales were 43,364 units in June 2023, compared to 39,825 units in June 2022. Mahindra's domestic tractor sales show a 9% growth in sales.

Mahindra & Mahindra Ltd. just announced their June 2023 tractor sales report. In June 2023, Mahindra tractor sales totalled 44,478 units, compared to 41,848 units in June 2022 in the domestic and export market. Overall Mahindra tractor sales show a 6% growth in June 2023.

Mahindra Domestic tractor sales

Mahindra Domestic tractor sales were 43,364 units in June 2023, compared to 39,825 units in June 2022. Mahindra's domestic tractor sales show a 9% growth in sales.

Mahindra export tractor sales

Mahindra export tractor sales were 1,114 units in June 2023, compared to 2,023 units in June 2022. Mahindra's Export tractor sales have decreased by 45%.

Also Read: Mahindra Tractor's overall sales decreased by 4% in May 2023

Mahindra Year-to-Date Tractor Sales Data

Mahindra & Mahindra Ltd. just announced their Year to Date Tractor Sales report. In June 2023, Mahindra tractor Year to Date sales totalled 1,15,009 units, compared to 1,18,509 units in June 2022 in the domestic and export market. Overall Mahindra Year to Date Tractor Sales Data show a 3% decline.

Mahindra Year to Date Domestic tractor sales

Mahindra Year to Date Domestic tractor sales were 1,11,875 units in June 2023, compared to 1,13,383 units in June 2022. Mahindra's Year to Date Domestic tractor sales are declined by 1%.

Mahindra Year to Date export tractor sales

Mahindra Year to Date tractor export sales were 3,134 units in FY24, compared to 5,126 units in Year to Date 2022. According to sales figures, Mahindra Year to Date export tractor sales are declined by 39%.

Hemant Sikka, President of Farm Equipment Sector, Mahindra & Mahindra Ltd., commented on the result, saying, " We sold 43,364 tractors in the domestic market in June 2023, a 9% increase over the previous year. Though the onset of the SouthWest monsoon was delayed due to cyclonic disturbances, it moved swiftly in the last week of June and has already blanketed the whole country, providing significant relief to farmers and assisting with Kharif sowing. As of today, the total sowing area of Kharif crops is ahead of last year's acreage and progressing quickly. Furthermore, government support with an increase in MSP for all Kharif crops, and improved farmer terms of trade are all favourable aspects that are projected to enhance tractor demand in the future. We sold 1,114 tractors in the foreign market."