Mahindra & Mahindra Sold 47,319 Tractors, Record 6% Rise in June 2024

01 Jul, 2024

The June 2024 Mahindra & Mahindra sales data is out. We analyzed this data so that you can learn about Mahindra & Mahindra's performance in domestic and international markets. 

Mahindra & Mahindra Domestic Sales in June 2024

Mahindra & Mahindra's June 2024 domestic sale is 45888 units. However, the total domestic sales for June 2023 was 43364 units. Because of this, the domestic tractor sale of Mahindra & Mahindra experienced 6% YoY growth. 

Mahindra & Mahindra Export Sales in June 2024

The export tractor sale of Mahindra & Mahindra for June 2024 was 1431 units. In June 2023, the total export sales were 1114 units. This way, this tractor manufacturer experienced 28% YoY growth in its export sales. 

The Mahindra & Mahindra Total Sales Performance in June 2024

The total sales of Mahindra & Mahindra was 47319 units in June 2024. This indicates the 6% YoY rise. The total sale of Mahindra & Mahindra was 44478 units in June 2023. 

Mahindra & Mahindra Year-to-Date Sales 

The total year-to-date sales of Mahindra & Mahindra remained at 121467 units out of which 116930 units were sold in domestic markets and 4537 units were exported. The total YTD sales in June 2024, domestic sales, and export sales experienced 5%, 45%, and 6% YoY growth respectively. 

The total recorded YTD June 2023 sales were 115009 units whereas the domestic and export YTD for June 2023 remained at 111875 units and 3134 units respectively. 
 

*Exports include CKD

In Summary

Mahindra & Mahindra experienced 6% YoY growth with its total sales of 47319  units, against the total sale of 44478 units sold in June 2023. Its domestic & export market performance witnesses a growth of 6% and 28% with the recorded sales of 43364 and 1114 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said “We have sold 45888 tractors in the domestic market during June '24, a growth of 6% over last year. The government's announcement of increased foodgrain production, an increase in MSP for major Kharif crops, and further advancement of the Southwest monsoon across the country brings positive sentiments with farmers. With retail momentum having picked up, supported by land preparation and an increase in Kharif crop sowing, demand for tractors is likely to remain strong in the upcoming months. In the export market, we have sold 1431 tractors, a growth of 28% over last year.”