Mahindra’s FES records 35,398 tractor sales in India during April 2023, down 10% YoY

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Mahindra’s FES records 35,398 tractor sales in India during April 2023, down 10% YoY

Mahindra’s FES records 35,398 tractor sales in India during April 2023, down 10% YoY image

By Tractor GyanMay 02, 2023 05:35 AM

Mumbai, May 02, 2023: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for April 2023.

Domestic sales in April 2023 were at 35,398 units, as against 39,405 units during April 2022.

Total tractor sales (Domestic + Exports) during April 2023 were at 36,405 units, as against 40,939 units for the same period last year. Exports for the month stood at 1,007 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 35,398 tractors in the domestic market during April’23. De-growth comes due to preponement of high demand generating festivals of Navratri and Gudi Padwa in March this year compared to April last year. At present, sentiments are upbeat with harvesting & procurement of crops going on in full swing. Wheat procurement is very strong and has already crossed last year’s level. High reservoir levels will aid in Kharif sowing and good cash flow from Rabi crop will further add to liquidity in the hands of the farmers. In the exports market, we have sold 1,007 tractors.”

Farm Equipment Sector Summary - April 2023
	April
	F24	F23	%Change
Domestic	35398	39405	-10%
Exports	1007	1534	-34%
Total	36405	40939	-11%

*Exports include CKD

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