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Mahindra's FES records 11% YoY decline in September 2023, sold 42,034 tractors across India

Mahindra's FES records 11% YoY decline in September 2023, sold 42,034 tractors across India

    Mahindra's FES records 11% YoY decline in September 2023, sold 42,034 tractors across India

02 Oct, 2023

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

Domestic sales in September 2023 were at 42,034 units, as against 47,100 units during September 2022.

Total tractor sales (Domestic + Exports) during September 2023 were at 43,210 units, as against 48,713 units for the same period last year. Exports for the month stood at 1,176 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said “We have sold 42,034 tractors in the domestic market during September 2023. Smart recovery in Kharif sowing with more than 110 mn hectares and the start of festive fervour is expected to bring positive sentiments among the farmers. Normal rains in September have helped overall monsoon to achieve near normal levels and this will help in Rabi sowing, especially in Central, Northern and Western regions of the country. In the exports market, we have sold 1,176 tractors.”

Farm Equipment Sector Summary - September 2023
          September YTD September
     F24   F23 %Change F24 F23 %Change
Domestic  42034  47100   -11% 198724 202305 -2%
Exports 1176  1613  -27% 6346 9744 -35%
Total 43210  48713   -11% 205070 212049 -3%

*Exports include CKD

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Recently Asked Question about Mahindra's FES records 11% YoY decline in September 2023, sold 42,034 tractors across India

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

Domestic tractor sales of Mahindra & Mahindra is 42,034 units.

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

Mahindra & Mahindra exports a total of 1176 tractors in September 2023.

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

Mahindra & Mahindra reported total tractor sales of 43,210 units in September 2023, which is lower than the 48,713 units sold in September 2022.

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