Mahindra’s FES records 33,113 tractor sales in India during May 2023, down 3% YoY

Mumbai, June 01, 2023: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for May 2023.

Domestic sales in May 2023 were at 33,113 units, as against 34,153 units during May 2022. 

Total tractor sales (Domestic + Exports) during May 2023 were at 34,126 units, as against 35,722 units for the same period last year. Exports for the month stood at 1,013 units. 

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 33,113 tractors in the domestic  market during May ’23. Record high Rabi crop output, good reservoir levels, improved  terms of trade for farmers and IMD's prediction of a normal southwest monsoon, augurs well for the upcoming Kharif season. In the exports market, we have sold 1,013 tractors.”

Farm Equipment Sector Summary - May 2023
	May			YTD May
	F24	F23	% Change	F24	F23	% Change
Domestic	33113	34153	-3%	68511	73558	-7%
Exports	1013	1569	-35%	2020	3103	-35%
Total	34126	35722	-4%	70531	76661	-8%

*Exports include CKD

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