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Mahindra’s Farm Equipment Sector Sells 42,361 Units in India during September 2020

Mahindra’s Farm Equipment Sector Sells 42,361 Units in India during September 2020

    Mahindra’s Farm Equipment Sector Sells 42,361 Units in India during September 2020

Mahindra’s Farm Equipment Sector Sells 42,361 Units in India during September 2020

01 Oct, 2020

Mumbai, October 1, 2020: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), a part of the USD 19.4 billion Mahindra Group, today announced its tractor sales numbers for September 2020.

Domestic sales in September 2020 were at 42,361 units, as against 36,046 units during September 2019.

Total tractor sales (Domestic + Exports) during September 2020 were at 43,386 units, as against 37,011 units for the same period last year.

Exports for the month stood at 1,025 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 42,361 tractors in the domestic market during September 2020, a growth of 18% over last year. Retail demand continued to be buoyant backed by a very good monsoon, higher kharif acreage and continued government support, including higher MSPs for key crops. We are looking forward to a very robust demand for the festive season ahead. In the exports market, we have sold 1,025 tractors, a growth of 6% over last year.”

 

Farm Equipment Sector (FD+SD+Gromax)

Particulars

September

Cumulative September

FY20

FY21

%Change

FY20

FY21

%Change

Domestic

36046

42361

18%

152004

154904

2%

Export

965

1025

6%

6166

3999

-35%

Total

37011

43386

17%

158170

158903

0.5%

*Exports include CKD
 

About Mahindra

The Mahindra Group is a USD 19.4 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company by volume. It also enjoys a strong presence in renewable energy, agribusiness, logistics and real estate development. Headquartered in India, Mahindra employs over 2,56,000 people across 100 countries.

 

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