Mahindra’s Farm Equipment Sector records Highest-Ever Tractor Sales of 64,326 Units in India during October 2024
Farm
Mumbai, November 01, 2024: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for October 2024.
Domestic sales in October 2024 were at 64326 units, as against 49336 units during October 2023.
Total tractor sales (Domestic + Exports) during October 2024 were at 65453 units, as against 50460 units for the same period last year. Exports for the month stood at 1127 units.
Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said “We have sold 64326 tractors in the domestic market during October, a growth of 30% over last year. The tractor industry has seen very robust growth on the back of many positive factors coming together, notable being a very good monsoon, a good Kharif crop, high reservoir levels which will help in Rabi crops, and the government's announcement of higher MSP on key Rabi crops. With festive season providing momentum to positive sentiments, we expect demand to remain strong in the coming months. In the exports market, we have sold 1127 tractors.”
| Farm Equipment Sector Summary | ||||||
|---|---|---|---|---|---|---|
| Oct | Cummulative Oct | |||||
| F25 | F24 | % Change | F25 | F24 | % Change | |
| Domestic | 64326 | 49336 | 30% | 270562 | 248060 | 9% |
| Exports | 1127 | 1124 | 0% | 9740 | 7470 | 30% |
| Total | 65453 | 50460 | 30% | 280302 | 255530 | 10% |
* Exports include CKD
About Mahindra
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/newsroom
Media contact information
Nayana Borthakur
Email - [email protected]
Subscribe to Newsroom Alerts
[email protected]
Source you wish to get update from
Select Business Category
Frequency