Mahindra & Mahindra Sold 33,378 Tractors, Grow 4% in November 2024

02 Dec, 2024

In November 2024, Mahindra & Mahindra Ltd. emerged as the dominant company in tractor sales across Indian farms. The organization excels at anticipating farmer needs and providing cutting-edge solutions. They've made the most of the great farming conditions and the growth in the government's spending on rural development to increase their sales.

Mahindra & Mahindra Domestic Wholesale Tractor Sales in November 2024 

In November 2024, Mahindra & Mahindra sold 31,746 tractors in the domestic market, 2% more than that of 31,069 units sold in November 2023. A good Kharif harvest allowed farmers to buy more tractors. Higher MSP for key Rabi crops and good reservoir levels also induced this growth in the sales. 

Mahindra & Mahindra Export Wholesale Tractor Sales in November 2024 

1,632 tractors were sold by Mahindra & Mahindra in the export market in November 2024, which is 62% more than the 1,005 units sold in November 2023. Mahindra's wholesale export sales have seen an exceptional increase compared to the same period in 2023. The company is really eager to grow even more.

Mahindra & Mahindra Wholesale Total Tractor Sales in November 2024

Mahindra & Mahindra sold 33,378 tractors in November 2024, up 4% from 32,074 units sold in November 2023. Good weather, high crop yields, and government support help India's agriculture sector to flourish, resulting in higher total tractor sales.
 

Mahindra & Mahindra Wholesale Total Tractor Sales in April-November 2024

YTD (April to November 2024) wholesale sales of Mahindra tractors closed at 3,13,680 units which was 2,87,604 units from April to November 2023. It shows an overall increase of 9% in total wholesale tractor sales.
 

Conclusion

Mahindra & Mahindra has expanded by focusing on producing fuel-efficient and powerful tractors for Indian farmers. The company expects higher demand as the Rabi season approaches with an expectation of great yield.