Mahindra record growth in January 2023 with Domestic Tractor Sales Increased by 31%

Mahindra record growth in January 2023 with Domestic Tractor Sales Increased by 31%

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Mahindra & Mahindra Ltd. Reported tractor sales for January 2023 were just made public. In contrast to January 2022, when Mahindra tractor sales were 21,162 units, January2023 saw 27,626 units sold. There has been a 28% increase in Mahindra sales overall as of January 2023.

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In comparison to 21,162 units in January 2022, Mahindra sold 27,626 domestic tractors in January 2023. Mahindra’s domestic tractor sales show a double digit increase in sales of 31%.

In January 2023, 1,300 units of Mahindra tractors were exported, up from 1,520 units in January 2022. The statistics on export sales decreased by 14%.

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Mahindra & Mahindra Ltd.’s Hemant Sikka, President of the Farm Equipment Division, stated, “We have sold 27,626 tractors in the domestic market in January 2023, registering a growth of 31% since last year. We can say we are off to a good start to the year due to the promising Rabi crop outlook. The sowing acreage for key crops of wheat, oil seeds and pulses and oil seeds has already surpassed previous years, followed by conducive soil and weather conditions. Farmers are starting to harvest this bumper crop. In addition, continued government focus and higher investment in this sector will likely aid positive sentiments and boost tractor demands in the foreseeable future. In the export market, we have sold 1300 tractors.

Sales of Mahindra tractors in India till January 2023

ParticularsJanuary 2022January 2023% change
Domestic 21,16227,62631%
Exports 1,5201,300-14%
Total 22,68228,92628%
Sales of Mahindra tractors in India till January 2023

Mahindra Tractor Sales in India 2023 – Year to Date Summary-

The year-to-date change for Mahindra’s tractor sales for both the current year and the prior year is shown below.

Particulars20232022%change
Domestic3,31,2902,90,03014%
Exports15,45014,4687%
Total3,46,7403,04,49814%
Mahindra Tractor Sales in India 2023 – Year to Date Summary

The Mahindra Group reported a 28% rise in overall tractor sales. Even after the holiday season, the firm sees an increase in demand for tractors. This has been made possible as the number of rabi crops sown has increased because of the soil’s high moisture content. Additionally, the purchasing of Kharif crops has improved.

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