Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES) reported its tractor sales for September 2024. Domestic sales reached 43,201 units, an increase from 42,034 units in September 2023. Total tractor sales, including exports, amounted to 44,256 units in September 2024, compared to 43,210 units during the same period last year. There were 1,055 units exported throughout the month.
Mahindra Tractor Sales Report for September 2024
| Particulars | September 2024 | September 2023 | Change% |
| Domestic | 43,201 | 42,034 | 3% |
| Exports | 1055 | 1176 | -10% |
| Total | 44256 | 43210 | 2% |
Mahindra & Mahindra has released its Year-to-Date (YTD) tractor sales data for September 2024, indicating positive growth in both domestic and export sectors. The company reported domestic sales of 206,236 units in 2024, up from 198,724 units in 2023, representing a 4% increase in the domestic market.
In terms of exports, Mahindra’s YTD figures show a remarkable 36% growth, with 8,613 units sold in September 2024 compared to 6,346 units during the same month last year.Mahindra sold 214,849 units overall in September 2024, up 5% from 205,070 units in September 2023. This growth underscores a significant improvement in the company’s export performance.
Mahindra Tractor Sales Overview for September 2024 – Year-to-Date Summary
| Particulars | Year to Date FY’24 | Year to Date FY’23 | Change% |
| Domestic | 206236 | 198724 | 4% |
| Exports | 8613 | 6346 | 36% |
| Total | 214849 | 205070 | 5% |
Hemant Sikka, President of Mahindra & Mahindra Ltd.’s Farm Equipment Sector, shared his thoughts on the performance, saying, “We recorded sales of 43,201 tractors in the domestic market in September, reflecting a 3% increase compared to last year.” The monsoon rainfall has risen by 7.5% over the Long Period Average (LPA), positively impacting Kharif sowing for most crops, except cotton. Reservoir levels have significantly improved and are currently 13% higher than the LPA, which bodes well for a strong Rabi crop. Given the favorable Kharif harvest and the expected robust Rabi yield, rural sentiment remains positive. With advantageous terms of trade for farmers and the approach of upcoming festivals, we anticipate strong demand for tractors in the near future. Additionally, we exported 1,055 tractors during this period.”
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