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Mahindra's FES Reports 3% Drop in Tractor Sales for October 2023, sells 49,336 Tractor Units

Mahindra's FES Reports 3% Drop in Tractor Sales for October 2023, sells 49,336 Tractor Units

    Mahindra's FES Reports 3% Drop in Tractor Sales for October 2023, sells 49,336 Tractor Units

01 Nov, 2023

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

Domestic sales in October 2023 were at 49,336 units, as against 50,539 units during October 2022. 

Total tractor sales (Domestic + Exports) during October 2023 were at 50,460 units, as against 51,994 units for the same period last year. Exports for the month stood at 1,124
units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said “We have sold 49,336 tractors in the domestic market during October 2023. Higher aggregate kharif production, higher MSP for key Rabi crops and government’s continued support to the agri economy in H2 of this year, are leading to positive sentiments among farmers during the on-going festive season, supporting tractor demand. In the exports market, we have sold 1,124 tractors.”

 

Farm Equipment Sector Summary - October 2023
         October YTD October
     F24   F23 % Change F24 F23 % Change
Domestic  49,336  50,539   -2% 2,48,060 2,52,844 -2%
Exports 1,124  1,455  -23% 7,470 11,199  -33%
Total  50,460  51,994  -3% 2,55,530 2,64,043 -3%

*Exports include CKD

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Recently Asked Question about Mahindra's FES Reports 3% Drop in Tractor Sales for October 2023, sells 49,336 Tractor Units

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

Mahindra & Mahindra domestic tractor sales in October 2023 were 49,336 units.

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

Mahindra & Mahindra exports a total of 1,124 tractors in October 2023.

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

Mahindra & Mahindra reported total tractor sales of 50,460 units in October 2023, which is lower than the 51,994 units sold in October 2022.

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