Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES) has announced its tractor sales figures for December 2024. Domestic sales reached 22,019 units, marking a 22% increase compared to 18,028 units sold in December 2023.
Including exports, total tractor sales for December 2024 amounted to 22,943 units, up 20% from 19,138 units in December 2023. However, exports for the month experienced a 17% decline, with 924 units sold compared to 1,110 units in December 2023.
December 2024 Tractor Sales Data
| Category | Dec 2024 | Dec 2023 | Change (%) |
|---|---|---|---|
| Domestic | 22,019 | 18,028 | 22% |
| Exports | 924 | 1,110 | -17% |
| Total | 22,943 | 19,138 | 20% |
Mahindra & Mahindra also released Year-to-Date (YTD) sales data for 2024. Domestic sales saw a 9% rise, with 324,327 units sold in 2024 compared to 297,157 units in 2023.
Export sales achieved an impressive 28% growth, with 12,296 units sold in 2024, up from 9,585 units the previous year. Overall, Mahindra sold 336,623 tractors in 2024, reflecting a 10% increase from the 306,742 units sold in 2023.
Year-to-Date Tractor Sales Summary
| Category | YTD FY’24 | YTD FY’23 | Change (%) |
|---|---|---|---|
| Domestic | 324,327 | 297,157 | 9% |
| Exports | 12,296 | 9,585 | 28% |
| Total | 336,623 | 306,742 | 10% |
Hemant Sikka, President of Mahindra & Mahindra Ltd.’s Farm Equipment Sector, said, “We sold 22,019 tractors in the domestic market in December 2024, achieving a 22% growth compared to last year.” Positive cash flow from the Kharif harvest, combined with excellent reservoir levels, has fuelled strong demand, which has been bolstered by vigorous rabi season sowing. The overall sentiment in the agricultural sector remains optimistic, signaling significant growth for the tractor industry.Our export market sales for the month were 924 tractors.”
The data highlights Mahindra’s consistent performance in the domestic market and its remarkable export growth trajectory, reinforcing the company’s leadership in the tractor industry.
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