Mahindra’s Farm Equipment Sector Sells 25769 Units in India during July 2021

Mumbai : Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for July 2021.

 

Domestic sales in July 2021 were at 25769 units, as against 24463 units during July 2020.

 

Total tractor sales (Domestic + Exports) during July 2021 were at 27229 units, as against 25402 units for the same period last year.

 

Exports for the month stood at 1460 units.

 

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 25769 tractors in the domestic market during July 2021 with a growth of 5% over last year. Demand remained buoyant in July as crop sowing operations gained traction with monsoon picking up pace across all the regions. Easing of COVID curbs & robust farm incomes on account of record Rabi crop procurement has bode well for the rural economy. We continue to stay bullish on tractor demand in the coming months owing to revival of monsoon, hike in MSP of key Kharif crops & upcoming festival season. In the exports market, we have sold 1460 tractors with a growth of 55%”.

 

Farm Equipment Sector
  Jul Cumulative Jul
  F22 F21 %Change F22 F21 %Change
Domestic 25769 24463 5% 121617 89040 37%
 

Exports

 

1460

 

939

 

55%

 

5541

 

2019

 

174%

             
Total 27229 25402 7% 127158 91059 40%

 

*Exports include CKD