Enter your city for weather info

Invalid City Name

rain icon
Temperature 22°C
Status Clear
City New York
4-Day Forecast
Humidity icon



wind icon

15 km/h

Wind Speed

Please Enter OTP For Tractor Price कृपया ट्रैक्टर की कीमत के लिए ओटीपी दर्ज करें
Enquiry icon
Enquiry Form

Mahindra Tractor Sales Down by 17%, Reach 22972 Units in January 2024

Mahindra Tractor Sales Down by 17%, Reach 22972 Units in January 2024

    Mahindra Tractor Sales Down by 17%, Reach 22972 Units in January 2024

01 Feb, 2024

Mahindra’s Farm Equipment Sector marked a 17% drop in YoY tractor sales; sold total 23948 tractors 

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), the tractor giant of India, has announced the sales data for January 2024. According to the report, Mahindra reported a 17% decline in domestic tractor sales with sales of 22,972 tractor units. The company managed to closed Januray 2023 with the sale of 27,626 tractor units. 

The cumulative tractor sales, combining domestic and export sales, Mahindra Tractor sales is 23,948 units in January 2024. Compared to the total January 2023 sales, Jan-2024 experienced a decrease of 17%. The company sold 28,926 tractor units in January 2023. 

As per the report, Mahindra export tractor sales are 976 units in January 2024 against the 1,300 units exported in January 2023, recorded a drop of 25%.  
Hemant Sikka, President of Farm Equipment Sector, Mahindra & Mahindra Ltd. provided his insights on the company’s performance during Jan 2024. He said, “We have sold 22972 tractors in the domestic market during January 2024. Retail momentum slowed down on account of tapering of agricultural activities. Rabi crop output is expected to be good with prevailing cold conditions helping the key crop of wheat. Government announcement of a good estimate of Horticulture production, and continued government support to boost rural economy will aid positive sentiments and support tractor demand in the coming months. In the exports
market, we have sold 976 tractors."  

Mahindra Tractor Sales 
     Mahindra Tractor Sales - January 2024 Mahindra Tractor Sales YTD January 2024
     F24   F23 % Change F24 F23 % Change
Domestic  22,972   27,626 -17% 3,20,129 3,31,290 -3%
Exports 976  1,300 -25% 10,561 15,450 -32%
Total  23,948  28,926 -17% 3,30,690 3,46,740 -5%

*Exports include CKD

Mahindra Tractor Sales in January 2024 Impact on M&M Share Price

With a drop of 17% in YoY sales, Mahindra’s Farm Equipment sector is likely to hamper the Mahindra & Mahindra share price in February 2024. Compared to the opening mahindra share price of INR 1,729.40 on January 1, 2024. The opening Mahindra & Mahindra share price on February 1, 2024, was INR 1,659.25 which dropped a little further, to INR 1,651.15, as the market closed.

The highest mark that Mahidra’s share prices can touch during January 2024 was INR 1,730.00. The month of January was closed with a share price of INR 1,651.55. With the revelation of these sales numbers, the share prices of Mahindra & Mahindra might experience a slight drop for February.  

https://images.tractorgyan.com/uploads/111473/65bbac294d98b-Budget-2024.jpg Budget 2024: Key Highlights with Industry experts reaction
To know what this interim budget 2024 has to offer to the farmers of the nation, stay tuned with us. Here, we will bring the live budget 2024 updates ...
https://images.tractorgyan.com/uploads/111449/65bb1ac4ac856-escorts-january-2024-sales.jpg Escorts Kubota Sells 6,185 Tractors, with 7% Decline in January 2024
With a recorded Escorts Kubota domestic tractor sale of 5,817 units in January 2024, this manufacturer recorded the YoY decline of 6%....
https://images.tractorgyan.com/uploads/111450/65bb1b64632ab-escorts-kubota-limited-sales-in-january-2024.jpg एस्कॉर्ट्स कुबोटा सेल्स जनवरी 2024: एस्कॉर्ट्स कुबोटा ने जनवरी’24 में 6,185 ट्रैक्टर बेचे
एस्कॉर्ट्स कुबोटा लिमिटेड एग्री मशीनरी बिजनेस डिवीजन ने जनवरी 2024 के लिए बिक्री रिपोर्ट जारी की है। एस्कॉर्ट्स कुबोटा द्वारा जनवरी 2024 में कुल 6,185...

Top searching blogs about Tractors and Agriculture

Top 10 Tractor brands in india To 10 Agro Based Indutries in India
Rabi Crops and Zaid Crops seasons in India Commercial Farming
DBT agriculture Traditional and Modern Farming
Top 9 mileage tractor in India Top 5 tractor tyres brands
Top 11 agriculture states in India top 13 powerful tractors in india
Tractor Subsidy in India Top 10 tractors under 5 Lakhs
Top 12 agriculture tools in India 40 Hp-50 Hp Tractors in India

review Write Comment About Blog.

Enter your review about the blog through the form below.

Customer Reviews

Record Not Found

Popular Posts


क्या-क्या गुड न्यूज़ लेकर आ सकता है यूनियन बजट 2024 किसानों के लिए?

संसद के मानसून सत्र के दौरान 23 जुलाई 2024 को वित्त मंत्री निर्मला सीतारमण मोदी सरकार 3.0 के लिए यून...


What Makes Solis Tractors the Most Powerful Multi-Speed Tractor in India?

Solis Tractors needs no introduction as this tractor manufacturing brand has managed to become &lsqu...

https://images.tractorgyan.com/uploads/113823/6692222f0f3c2-vst-zetor-introduced-tractors-in gujarat.jpg

VST Zetor Introduced Tractors in Gujarat

12 July 2024: VST Zetor range of tractors, jointly developed by VST Tillers Tractors Ltd and HT...

Select Language

tractorgyan offeringsTractorGyan Offerings