Mahindra’s Farm Equipment Sector Sells

 

Mahindra’s Farm Equipment Sector Sells
26130 Units in India during April 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 April 2021.

 

Domestic sales in April 2021 were at 26130 units, as against 4716 units during April 2020.

 

Total tractor sales (Domestic + Exports) during April 2021 were at 27523 units, as against 4772 units for the same period last year.

 

Exports for the month stood at 1393 units.

 

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 26130 tractors in the domestic market during April 2021 with a growth of 454% over last year. High growth witnessed in April 2021 is due to low base due to nationwide lockdowns in April last year. There have been disruptions in supply chain due to localised lock downs and availability of oxygen along with dealerships in few states getting closed impacting demand momentum. All agri related fundamentals continue to remain strong, with bumper rabi crop harvest and forecast of a normal monsoon. We expect that tractor demand will bounce back as farmers start preparing their land for Kharif crops in the ensuing weeks. We continue to monitor evolving Covid situation across the states with key focus on safety of our people and partners. In the exports markets, we have sold 1393 tractors, a growth of 2388% over last year and have a strong order book.”

 

 

Farm Equipment Sector
	April
	F22	F21	%Change
Domestic	26130	4716	454%
Exports	1393	56	2388%
Total	27523	4772	477%

 *Exports include CKD

Mahindra’s Farm Equipment Sector Sells

Mahindra’s Farm Equipment Sector Sells 35,844 Units in India during June 2020

Witnesses a growth of 12%

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 June 2020.

Domestic sales in June 2020 were at 35,844 units, as against 31,879 units during June 2019.

Total tractor sales (Domestic + Exports) during June 2020 were at 36,544 units, as against 33,094 units for the same period last year.

Exports for the month stood at 700 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 35,844 tractors in the domestic market during June 2020, a growth of 12% over last year. This is our second highest June sales ever. The timely arrival of the south west monsoon, combined benefits of a record Rabi crop, Government support for Agri initiatives and very good progress in the sowing of the Kharif crop have led to positive sentiments among farmers. These underlying factors along with better cash flows in rural markets have helped boost tractor demand during June. It is expected that this demand will continue to remain buoyant in the coming months. In the exports market, we have sold 700 tractors”.

Farm Equipment Sector (FD+SD+Gromax)
	June			Cumulative June
	F20	F21	%Change	F20	F21	%Change
Domestic	31879	35844	12%	82913	64577	-22%
Exports	1215	700	-42%	3437	1080	-69%
Total	33094	36544	10%	86350	65657	-24%

*Exports include CKD