M&M Tractor Sales Decline in Domestic Market by 11% in September 2023

Mahindra Domestic tractor sales were 42,034 units in September 2023, compared to 47,100 units in September 2022. Mahindra's domestic tractor sales show an 11% decline in sales.

Mahindra & Mahindra, one of the country's leading tractor manufacturers, has released its tractor sales report for September 2023. The company reported that it sold a total of 43,210 tractors in September 2023, marking a decline of 11% in sales compared to the same period last year. This fall in sales reflects the industry's complexity, with repercussions for both the company and the broader market.

Hemant Sikka, President of the Farm Equipment Sector at Mahindra & Mahindra Ltd., added that the adequate rainfall in September contributed to monsoon levels approaching normal, which is expected to facilitate Rabi crop sowing, particularly in the Central, Northern, and Western regions of the country. He also stated that the start of the festive season is expected to increase farmer morale.

Mahindra Domestic tractor sales

Mahindra Domestic tractor sales were 42,034 units in September 2023, compared to 47,100 units in September 2022. Mahindra's domestic tractor sales show a 11% decline in sales.

Mahindra Export tractor sales

Mahindra export tractor sales were 1,176 units in September 2023, compared to 1,613 units in September 2022. Mahindra's Export tractor sales have decreased by 27%.

Mahindra Year-to-Date Tractor Sales Data

Mahindra & Mahindra Ltd. just announced their Year to Date Tractor Sales report. In September 2023, Mahindra tractor Year-to-date sales totalled 1,98,724 units, compared to 2,02,305 units in September 2022 in the domestic market. Overall Mahindra's domestic Year to Date Tractor Sales Data show a 2% decline in sales.

Also Read: Mahindra's Commercial Vehicle Sales Surge by 16.30% in September 2023

In September 2023, Mahindra tractor Year-to-date sales totalled 6,346 units, compared to 9,744 units in September 2022 in the export market. Overall Mahindra export Year to Date Tractor Sales Data show a 35% decline.

Hemant Sikka, President of Mahindra & Mahindra Ltd.'s Farm Equipment Sector, stated that the drop was caused in part by a smart recovery in Kharif sowing, which covered over 110 million hectares.

Mahindra's tractors are known for their reliability and performance. The company's commitment to innovation and customer satisfaction has played a significant role in maintaining its market presence.