Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 19.4 billion Mahindra Group,announced its tractor sales numbers for May 2021.
The company records the domestic sales in May 2021 were at 22,843 units, while in the same month of the last year it records 24,017.
On the other hand, the company records the total tractor sales including domestic and exports were at 27523 units in the month of May 2021 while 4772 units were sold during the Last year of the same month.
On the other side, taking the exports value then it stood at 1,341 units.
Proceeding further and talking about the performance by Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said,
“We have sold 22,843 tractors in the domestic market during May 2021. In May, COVID spread in rural markets led to stringent lockdowns, leading to deferment of tractor purchase and limited operations at dealerships. While state-specific lockdowns and localised restrictions continue, it is heartening to see the Covid cases reducing sharply. This is leading to a sharp improvement in farmer sentiments, and green shoots of recovery are visible, especially since the last week, as farmers start preparing their land for the upcoming Kharif crop season. A bumper Rabi harvest, record procurement, food prices holding up, gradual opening up of mandis and expectations of a normal monsoon will pave the way for growth in the upcoming season. In the exports market, we have sold 1,341 tractors with a growth of 314 per cent over last year.”