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

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

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

01 Aug, 2023

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

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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https://images.tractorgyan.com/uploads/105898/64c8853136541-escorts-kubota-sales-july-2023.png Escorts Kubota Limited records monthly sales of 5,570 tractors in July 2023, Up 3.9% YOY
Escorts Kubota Limited Agri Machinery Business Division in July 2023 sold 5,570 tractors up by 3.9% as against 5,360 tractors sold in July 2022....
https://images.tractorgyan.com/uploads/105899/64c898496e801-escorts-kubota-monthly-tractor-sales-in-july-2023.jpg एस्कॉर्ट्स कुबोटा लिमिटेड की जुलाई'23 ट्रैक्टर सेल्स में 3.9% की वृद्धि, 5,570 ट्रैक्टर बेचे
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वीएसटी की जुलाई 2023 की कुल बिक्री( ट्रैक्टर और पावर टिलर्स को मिला कर)  रही 5506 जिसमे से 485  ट्रैक्टर है और 5021 पावर टिलर्स  है।...

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

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

Domestic sales of Mahindra & Mahindra is 24168 units.

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

Mahindra & Mahindra exports a total of 1007 tractors in July 2023.

What is Total tractor sales of Mahindra & Mahindra (Domestic + Exports) in July 2023?

Mahindra & Mahindra total tractor sales (Domestic + Exports) during July 2023 were at 25175 units.

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