Mahindra Tractor Sales in November 2023 is 32,074 Units, Shows 5% Growth YOY

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

Mahindra Domestic sales in November 2023 were at 31,069 units, as against 29,180 units during November 2022.

Mahindra Total tractor sales (Domestic + Exports) during November 2023 were at 32,074 units, as against 30,528 units for the same period last year. Exports for the month stood at 1,005 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said “We have sold 31069 tractors in the domestic market during November 2023, a growth of 6% over last year. The festive season saw high demand pull in the domestic market, supported by Kharif harvest realisations, with retails being strong during Dhanteras and Diwali. Terms of trade continue to be favourable for farmers; while rural spending by Government and progress in Rabi sowing are the factors to watch out for. In the exports market, we have sold 1005 tractors.”

*Exports include CKD

What Impact can Mahindra tractor sales in November 2023 have on Mahindra & Mahindra Share Price?

After experiencing 5% YOY growth on Mahindra tractor Sales on November 23, the Mahindra & Mahindra share price is likely to go up in December 2023. The closing price of this M&M shares on 30th November 23 was INR 1,647.75 per unit. The highest Mahindra & Mahindra share price on November 2023 was INR 1,660.00 per unit.

As December started, a marginal growth in M&M share price is experienced. The opening price was 1,656.00 on 1st Dec 2023.  

Mahindra is India’s leading tractor manufacturer and has scored first place in FADA’s November 2023 sales report. Considering its market position, we’re anticipating that Mahindra & Mahindra share prices on December 23 will increase more.