Mahindra’s Farm Equipment Sector Sells 21,173 Units in India during December 2020

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Mahindra’s Farm Equipment Sector Sells 21,173 Units in India during December 2020

    Mahindra’s Farm Equipment Sector Sells 21,173 Units in India during December 2020

02 Jan, 2021

  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 December 2020. Domestic sales in December 2020 were at 21,173 units, as against 17,213 units during December 2019. Total tractor sales (Domestic + Exports) during December 2020 were at 22,417 units, as against 17,991 units for the same period last year.

Exports for the month stood at 1,244 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 21,173 tractors in the domestic market during December 2020 with a growth of 23% over last year. The wholesale volumes continued to be strongly fueled by the restoration of channel inventory post the festive season, announcement of hike in tractor prices by major OEMs and anticipation of sustained demand on the back of higher Rabi acreage, GoI support in Kharif procurement & rural development schemes. In the exports market, we have sold 1,244 tractors, a growth of 60% over last year.

Farm Equipment Sector (FD+SD+Gromax)
  December  Cumulative December
  F20 F21 %Change F20 F21 %Change
Domestic 17213 21173 23% 234277 253284 8%
Exports 778 1244 60% 8348 7320 -12%
Total 17991 22417 25% 242625 260604 7.4%

*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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