Mahindra’s FES registers 24168 tractor sales in India during July 2023, Up 11% YoY

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

Domestic sales in July 2023 were at 24,168 units, as against 21,684 units during July 2022. 

Total tractor sales (Domestic + Exports) during July 2023 were at 25,175 units, as  against 23,307 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 24168 tractors in the domestic market  during July, with a growth of 11% over last year. The cumulative seasonal rainfall spread  across the country has recovered very well in the month of July and this has helped sowing  of kharif acreage to pick up momentum. Aggregate sowing of Kharif crops is now ahead of  last year, with most key crops including paddy and oil seeds have recovered, though pulses  is still lagging in sowing. Terms of trade are now in favour of farmers, with continued  decrease in input costs. The sentiments are positive in rural economy, and this is likely to  support demand in the coming months. In the exports market, we have sold 1007 tractors”.

Farm Equipment Sector Summary - July 2023
	July			YTD July
	F24	F23	%Change	F24	F23	% Change
Domestic	24168	21684	11%	136043	135067	1%
Exports	1007	1623	-38%	4141	6749	-39%
Total	25175	23307	8%	140184	141816	-1%

*Exports include CKD

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