Thursday, 1 April 2021

Mahindra’s Farm Equipment Sector Sells

Mahindra’s Farm Equipment Sector Sells 29,817 Units

in India during March 2021

 

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 19.4 billion Mahindra Group, today announced its tractor sales numbers for March 2021.

 

Domestic sales in March 2021 were at 29,817 units, as against 13,418 units during March 2020.

 

Total tractor sales (Domestic + Exports) during March 2021 were at 30,970 units, as against 13,613 units for the same period last year.

 

Exports for the month stood at 1,153 units.

 

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 29,817 tractors in the domestic market during March 2021 with a growth of 122% over last year. Impact of lower base coupled with continued positive sentiments driven by healthy reservoir levels, higher MSP and increased liquidity, have led to strong wholesale growth in March. Tractor demand is expected to remain strong as Rabi harvesting is progressing well along with the onset of sowing of summer crops in select markets. In the exports market, we have sold 1,153 tractors, a growth of 491% over last year.”

 

Farm Equipment Sector (FD+SD+Gromax)

March

Cumulative March

 

F20

F21

%Change

F20

F21

%Change

 

 

 

 

 

 

 

Domestic

13418

29817

122%

291901

343833

18%

 

 

 

 

 

 

 

Exports

195

1153

491%

10014

10665

7%

 

 

 

 

 

 

 

Total

13613

30970

128%

301915

354498

17.4%

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