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Mahindra’s FES records 24619 tractor sales in India during February 2023, Up 30% YoY

Mahindra’s FES records 24619 tractor sales in India during February 2023, Up 30% YoY

    Mahindra’s FES records 24619 tractor sales in India during February 2023, Up 30% YoY

01 Mar, 2023

Mumbai, March 1, 2023: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for February 2023.

Domestic sales in February 2023 were at 24,619 units, as against 18,910 units during February 2022.

Total tractor sales (Domestic + Exports) during February 2023 were at 25,791 units, as against 20,437 units for the same period last year. Exports for the month stood at 1,172 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 24,619 tractors in the domestic market during February 2023, a growth of 30% over last year. Record Rabi crop acreage for wheat and oilseeds, high crop prices and better terms of trade for farmers is leading to positive sentiments in the rural markets. Expected higher Rabi output will improve liquidity in the hands of the farmers, supporting tractor demand. Water reservoir levels continue to remain high. In the exports market, we have sold 1172 tractors.”

 

Farm Equipment Sector Summary - February 2023
            February             YTD February
     F23   F22 %Change    F23   F22 %Change
Domestic  24619    18910       30%  355909   308940      15%
Exports   1172  1527    -23%   16622   15995      4%
Total   25791  20437    26% 372531 324935     15%

*Exports include CKD

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Recently Asked Question about Mahindra’s FES records 24619 tractor sales in India during February 2023, Up 30% YoY

What is domestic sales of Mahindra & Mahindra in February 2023?

Domestic sales of Mahindra & Mahindra is 24619 units in February 2023.

How many tractors did Mahindra & Mahindra export in February 2023?

Mahindra & Mahindra exports a total of 1172 tractors in February 2023.

How did Mahindra & Mahindra's domestic tractor sales in February 2023 compare to February 2022?

Mahindra & Mahindra's domestic tractor sales in February 2023 grew by 30% compared to February 2022.

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