August 2022 Mahindra Tractor Sales Report: 20,138 Units Sold

August 2022 Mahindra Tractor Sales Report: 20,138 Units Sold

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Tractor Sales Report was released in August 2022 by Mahindra & Mahindra. In the domestic market, the company sold 20,138 units in August 2022 compared to 19,997 units in August 2021. 1% rise is shown in the company’s domestic tractor sales statistics for 2022. On the other hand, the Mahindra Tractor Sales Report for August 2022 also indicates a 1% increase in the export market. In contrast to the 1,363 units sold in August 2021, the business sold 1,382 units in August 2022 for export.

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August 2022 Mahindra Tractor Sales Data:

 20222021 Change %
Domestic 20,13819,9971%
Exports1,382 1,3631%
Total 21,520 21,3601%

Additionally, Mahindra & Mahindra released Year to Date 2022 Tractor Sales numbers. In the domestic market, the company sold 1,55,205 units in 2022 compared to 1,41,614 units in 2021. 10% rise is shown in the company’s domestic tractor sales statistics for 2022. On the other hand, Mahindra Year to Date Tractor Sales Report 2022 also reveals an 18% increase in the Exports market. As a result, the company sold 8,131 units in the export market in 2022 as opposed to 6,904 units in 2021.

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Indian Mahindra Tractor Sales Year to Date Summary:

 Year to Date 2022 Year to Date 2021Change %
Domestic 1,55,2051,41,61410%
Exports 8,1316,90418%
Total 1,63,336 1,48,51810%

According to Hemant Sikka, President of Mahindra & Mahindra Ltd.’s Farm Equipment Sector, “We have sold 20,138 tractors in the domestic market during August 2022, up 1% from the same month last year. Overall, the monsoon has been good, 8% above than LPA, but the spatial distribution has been poor in the paddy states of eastern India, affecting paddy sowing. We are hopeful that buying tractors on auspicious days throughout the holiday season would stimulate demand as farmers begin to get ready for harvesting operations. We are geared up for a spike in tractor demand throughout the holiday season. We sold 1,382 tractors in the export market, an increase of 1% from the previous year.

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