Mahindra’s FES records 43,364 tractor sales in India during June 2023, Up 9% YoY

Mumbai, July 03, 2023: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for June 2023. 

Domestic sales in June 2023 were at 43,364 units, as against 39,825 units during June 2022. 

Total tractor sales (Domestic + Exports) during June 2023 were at 44,478 units, as against 41,848 units for the same period last year. Exports for the month stood at 1,114 units. 

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 43,364 tractors in the domestic market during June 2023 with a growth of 9% over last year. Though arrival of SouthWest monsoon got delayed due to cyclonic disturbances, it has smartly progressed in the last week of June and has now covered the entire country, bringing huge relief to the farmers and aiding in Kharif sowing. As on date, aggregate sowing acreage of Kharif crops is ahead of last year acreage and is progressing at fast pace. In addition, record rabi crops, Government support with increase in MSP for all Kharif crops and improving terms of trade for farmers are positive factors that are expected to support tractor demand going forward. In the exports market, we have sold 1,114 tractors.”

Farm Equipment Sector Summary - June 2023
	June			YTD June
	F24	F23	% Change	F24	F23	% Change
Domestic	43,364	39,825	9%	1,11,875	1,13,383	-1%
Exports	1,114	2,023	-45%	3,134	5,126	-39%
Total	44,478	41,848	6%	1,15,009	1,18,509	-3%

*Exports include CKD

About TractorGyan

Tractor Gyan is an expert-led platform that aims to empower Indian farmers by providing accurate and timely information, and technological advancement about tractors and farm equipment in India.

TractorGyan helps farmers with New Tractor information, Compare Tractors, Tractor prices, Buying and selling of second-hand tractors, Tractor Insurance, Tractor Finance, Tractor tyre, Tractor Implements, Tractor EMI calculator and more. 

On our Platform, we have information about leading brands :

In tractors like Mahindra, Sonalika, John Deere, Massey Ferguson

- In Tyres like MRF, Ceat, Apollo etc.

- In Tractor Finance like Mahindra Finance, TVS Finance, Etc. 

- In Tractor Implements like Shaktiman, Fieldking, Landforce, Khedut, etc.

- In Tractor Insurance like Mahindra Finance, Axis Bank, ICICI Bank,  etc.

TractorGyan is Helping India mechanise by delivering crucial information about tractor buying and guiding farmers at every step so that they get a tractor or farm equipment that empowers and equips them to produce quality yield.

FOLLOW US ON:- Facebook, Instagram, Linkedin