Mahindra & Mahindra Sold 65,453 Tractors in October 2024, Grow 30%

01 Nov, 2024

Mahindra & Mahindra Ltd. is noted for its commitment to new ideas and understanding of farmers' needs. Mahindra’s wholesale tractor sales numbers for October 2024 demonstrate its market supremacy with a growth of 30% over last year. 

Mahindra & Mahindra Wholesale Tractors Sales in Domestic Market in October 2024

According to the wholesale sales report published by Mahindra & Mahindra, they sold 64,326 tractors in India in October 2024, which is 30% more than the 49,336 tractors they sold during October 2023. 

Mahindra & Mahindra's record-breaking wholesale tractor sales can be attributed to the successful launch of new models in all HP category range, including the Mahindra 275 DI TU PP, Mahindra 605 DI MS, Mahindra 585 DI Yuvo Tech Plus, a special edition tractor. 

Additionally, two impactful marketing campaigns - 'Virtual Drive' and 'Desh ka Tractor' - generated significant buzz in the market, contributing to the impressive 30% growth.

The major reasons behind higher wholesale sales are a good Kharif crop, a good monsoon contributing ample water for the growth of Rabi crops, and a higher MSP on key Rabi crops as announced by the government. The exciting offers and discounts introduced during the festive season also contributed towards this sales

Mahindra & Mahindra Wholesale Tractors Export Sales in October 2024 

Despite a minor increase in exports, the global tractor market has remained stable. Mahindra & Mahindra's Wholesale Export sales remain almost the same as in the same duration last year. In October 2024 Mahindra Tractor sold 1,127 tractors while in October 2023 they sold 1,124 tractors. 

Mahindra & Mahindra Total Wholesale Tractor Sales in October 2024

Mahindra & Mahindra Domestic and Export wholesale tractor sales were 65,453 units in October 2024, up 30% from 50,460 tractors in October 2023. 

Mahindra has been working hard to make modern, fuel-efficient tractors that meet farmers' changing needs, helping boost wholesale sales even more.
 

Mahindra & Mahindra Wholesale Tractor Sales in April-October 2024

From April to October 2024, Mahindra sold 2,80,302 tractors, 10% more than the same time last year, when they sold 2,55,530 tractors. Excellent agricultural trends and good weather conditions leading to good cropping seasons all contribute to these wholesale sales.
 

What to Expect in November 2024?

Innovative and customer-focused, Mahindra & Mahindra is changing India's agriculture face. With the coming Rabi season and momentum to positive sentiments caused by festive seasons, Mahindra anticipates that the demand for tractors will remain strong.