The Mahindra Group’s Farm Equipment Sector (FES), a division of Mahindra & Mahindra, has released its March 2023 tractor sales figures. With sales of 33,622 tractors in March 2023 compared to 28,112 units in March 2022, Mahindra FES saw a 20% increase in the domestic market. Total domestic sales of tractors for the business.
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Hemant Sikka, President of Mahindra & Mahindra’s Farm Equipment Sector, highlighted the performance by stating, “We have sold 33,622 tractors in the domestic market during March 2023, a growth of 20% over last year.”
Mahindra Tractor Sales Data March 2023
| Particulars | March 2023 | March 2022 | % Change |
| Domestic | 33,622 | 28,112 | 20% |
| Export | 1,392 | 1,651 | -16% |
| Total | 35,014 | 29,763 | 18% |
“An increase in crop output, mandi prices staying firm, Government support for an increase in MSP for major crops, and an increase in wages under the MGNREGA scheme will help improve the financial security of rural households and boost tractor demand in the coming months. In the exports market, we have sold 1,392 tractors.”
Mahindra Tractor Sales Report 2022-23: April 2022 to March 2023
| Particulars | 2022-23 | 2021-22 | % Change |
| Domestic | 3,89,531 | 3,37,052 | 16% |
| Export | 18,014 | 17,646 | 2% |
| Total | 4,07,545 | 3,54,698 | 15% |
Mahindra Group, one of the biggest and most well-known international corporations, is the largest tractor manufacturer in the world by volume and is the market leader in India for farm equipment, utility vehicles, information technology, and financial services. In the industries of agriculture, logistics, hotels, and renewable energy, it is well-established.
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