Enter your city for weather info

Invalid City Name

rain icon
Temperature 22°C
Status Clear
City New York
4-Day Forecast
Humidity icon

50%

Humidity

wind icon

15 km/h

Wind Speed

Please Enter OTP For Tractor Price कृपया ट्रैक्टर की कीमत के लिए ओटीपी दर्ज करें
Enquiry icon
Enquiry Form

Mahindra’s Farm Equipment Sector Sells 22,843 tractors in India during May 2021, Down 5% YoY

Mahindra’s Farm Equipment Sector Sells 22,843 tractors in India during May 2021, Down 5% YoY

    Mahindra’s Farm Equipment Sector Sells 22,843 tractors in India during May 2021, Down 5% YoY

01 Jun, 2021

Mumbai, June 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 May 2021, which indicate a clear growth path in the upcoming season.

 

Domestic sales in May 2021 were at 22843 units, as against 24017 units during May 2020.

 

Total tractor sales (Domestic + Exports) during May 2021 were at 24184 units, as against 24341 units for the same period last year.

 

Exports for the month stood at 1341 units.

 

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 22843 tractors in the domestic market during May 2021. In May, COVID spread in rural markets led to stringent lockdowns, leading to deferment of tractor purchase and limited operations at dealerships. While state-specific lockdowns and localized restrictions continue, it is heartening to see the Covid cases reducing sharply. This is leading to a sharp improvement in farmer sentiments and green shoots of recovery are visible, especially since the last week, as farmers start preparing their land for the upcoming Kharif crop season. A bumper Rabi harvest, record procurement, food prices holding up, gradual opening up of Mandis, and expectations of a normal monsoon will pave the way for growth in the upcoming season. In the exports market, we have sold 1341 tractors with a growth of 314% over last year.”

Farm Equipment Sector
  May Cumulative May
  F22 F21 %Change F22 F21 %Change
Domestic 22843 24017 -5% 48973 28733 70%
Exports 1341 324 314% 2734 380 619%
Total 24184 24341 -1% 51707 29113 78%

        *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.

 

Read More

Mahindra sales down April 2020       

Escorts Agri Machinery Sold 6,423 Tractors In May 2021, Down 2.6% 

Read More  

 Mahiahindra sales down April 2020       

ट्रैक्टर 30 से 50 हज़ार रुपए हो सकते हैं महँगे, स्टील के दाम में ऐतिहासिक वृद्धि बनी वजह                                           

Read More  

 Mahindra sales down April 2020       

अक्टूबर 2021 से सरकार के इन मानदंडों पर ही बनेंगे टायर।                                                                                  

Read More

 

Top searching blogs about Tractors and Agriculture

Top 10 Tractor brands in india To 10 Agro Based Indutries in India
Rabi Crops and Zaid Crops seasons in India Commercial Farming
DBT agriculture Traditional and Modern Farming
Top 9 mileage tractor in India Top 5 tractor tyres brands
Top 11 agriculture states in India top 13 powerful tractors in india
Tractor Subsidy in India Top 10 tractors under 5 Lakhs
Top 12 agriculture tools in India 40 Hp-50 Hp Tractors in India

review Write Comment About Blog.

Enter your review about the blog through the form below.



Customer Reviews

Record Not Found

Popular Posts

https://images.tractorgyan.com/uploads/113947/669e21d8d3a2e-union-budget-2024-live-update-for-farmers.jpg

Live Update: Nirmala Sitharaman presents Modi Government 3.0 Union Budget 2024-25

Finance Minister, Nirmala Sitaraman presented the Union Budget for the fiscal year 2024-25 in the Lo...

https://images.tractorgyan.com/uploads/113949/669e3a2fdd346-union-budget-2024-live-update.jpg

Live Update: मोदी सरकार 3.0 का वित्तमंत्री निर्मला सीतारमण पेश करने जा रही है, केंद्रीय बजट 2024–25

वित्त मंत्री निर्मला सीतारमण ने आज लोकसभा में वित्त वर्ष 2024-25 के लिए केंद्रीय बजट पेश किया। उन्हो...

https://images.tractorgyan.com/uploads/113948/669e38e519a28-cnh-india-reaches-7-lakh-tractor-production-in-noida.jpg

CNH India reaches 7 Lakh Tractor production mark in Greater Noida Plant

Greater Noida, July 22, 2024: CNH – a global leader in agriculture with its New Holland and Ca...

Select Language

tractorgyan offeringsTractorGyan Offerings