Mumbai, January 2, 2023: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for December 2022.
Domestic sales in December 2022 were at 21,640 units, as against 16,687 units during December 2021.
Total tractor sales (Domestic + Exports) during December 2022 were at 23,243 units, as against 18,269 units for the same period last year. Exports for the month stood at 1,603 units.
Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 21,640 tractors in the domestic market during December 2022, a growth of 30% over last year. Rabi crop sowing has progressed very well and is higher than last year acreage and also higher than the average of last 5 years. Wheat and oil seeds are expected to be a bumper harvest. On the back of strong Rabi sowing, good kharif procurement and likely exports of wheat, the sentiments continue to remain upbeat in the farming sector, leading to strong demand for tractors and farm implements. In the exports market, we have sold 1,603 tractors, a growth of 1% over last year.”
|Farm Equipment Sector Summary - December 2022|
*Exports include CKD
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.
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Media contact information
Pramuch Goel (Strategic & Corporate)
Senior Manager, Group Communications
Mahindra & Mahindra Ltd.
Email – [email protected]