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Mahindra’s FES records 20,647 tractor sales in India during August 2023, Up 3% YoY

Mahindra’s FES records 20,647 tractor sales in India during August 2023, Up 3% YoY

    Mahindra’s FES records 20,647 tractor sales in India during August 2023, Up 3% YoY

01 Sep, 2023

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

Domestic sales in August 2023 were at 20,647 units, as against 20,138 units during August 2022.

Total tractor sales (Domestic + Exports) during August 2023 were at 21,676 units, as against 21,520 units for the same period last year. Exports for the month stood at 1,029 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 20,647 tractors in the domestic market during August, a growth of 3% over last year. Despite a 9% monsoon deficit at end of August, Kharif sowing is largely on track and has shown an improvement over last year for all key crops except pulses. Terms of trade continue to be favourable for the farmer, with inputs inflation cooling off and crop prices holding firm. With the upcoming festive season, we expect tractor demand to grow in the coming months. In the exports market, we have sold 1,029 tractors”.

 

Farm Equipment Sector Summary - August 2023
          August YTD August
     F24   F23 %Change F24 F23 % Change
Domestic  20,647   20,138   3% 1,56,690 1,55,205 1%
Exports 1,029  1,382  -26% 5,170 8,131 -36%
Total  21,676  21,520   1% 1,61,860 1,63,336 -1%

*Exports include CKD

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https://images.tractorgyan.com/uploads/106453/64edac0eef9bd_cattle-rearers-have-chance-to-get-a-reward-of-5-lakhs.jpg पशुपालकों को सरकार दे रही है 5 लाख रुपये का ईनाम पाने का शानदार मौका, इस तारीख तक करें आवेदन
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https://images.tractorgyan.com/uploads/106527/64f18752d5ddf-escorts-kubota-sales-report-in-august-2023.jpg Escorts Kubota Limited registers monthly sales of 5,593 tractors in August 2023, Down 8.5% YOY
Escorts Kubota Limited Agri Machinery Business Division in August 2023 sold 5,593 tractors as against 6,111 tractors sold in August 2022....
https://images.tractorgyan.com/uploads/106517/64f1774a2ceab-escorts-kubota-monthly-sales-report-in-august-2023.jpg एस्कॉर्ट्स कुबोटा लिमिटेड की अगस्त'23 में ट्रैक्टर सेल्स में 8.5% की गिरावट, 5,593 ट्रैक्टर बेचे
एस्कॉर्ट्स कुबोटा लिमिटेड ने अगस्त के महीने में कुल 5,593 ट्रैक्टर बेचे। अगर हम इस डाटा के तुलना अगस्त 2022 से करें तो हमे यह पता चलता है कि अगस्त 202...

Recently Asked Question about Mahindra’s FES records 20,647 tractor sales in India during August 2023, Up 3% YoY

What is domestic tractor sales of Mahindra & Mahindra in August 2023?

Domestic tractor sales of Mahindra & Mahindra is 20,647 units.

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

Mahindra & Mahindra exports a total of 1,029 tractors in August 2023.

What were the Mahindra & Mahindra tractor sales in August 2023 compared to August 2022?

Mahindra & Mahindra reported total tractor sales of 21,676 units in August 2023, a modest rise from 21,520 units sold in August 2022.

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