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Mahindra FES tractor sales up 50 percent in january 2021

    Mahindra FES tractor sales up 50 percent in january 2021

Mahindra’s Farm Equipment Sector Sells 33,562 Units in India during January 2021

01 Feb, 2021

Mumbai, February 1, 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 January 2021.

Domestic sales in January 2021 were at 33,562 units, as against 22,329 units during January 2020.

Total tractor sales (Domestic + Exports) during January 2021 were at 34,778 units, as against 23,116 units for the same period last year.

Exports for the month stood at 1,216 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 33,562 tractors in the domestic market during January 2021 with a growth of 50% over last year. Tractor demand continues to be strong with expansion in Rabi acreage, very high reservoir levels and higher liquidity in the hands of farmers with timely Kharif procurement. Demand is expected to remain robust on account of these factors and higher allocations which are expected for Agriculture in the upcoming Budget in line with Government’s continued focus on Agriculture & Rural sector. In the exports market, we have sold 1,216 tractors, a growth of 55% over last year.”

                  Farm Equipment Sector (FD+SD+Gromax)

Particular   

January

Cumulative January

F20      

F21     

% Change   

FY21    

FY20   

% Change   

Domestic

22329

33562

50%

256606

286846

12%

Export

787

1216

55%

9135

8536

-7%

Total

23116

34778

50%

265741

295382

11.2%

*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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