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M&M tractor segment market share touches 41.8% in Q1FY22, highest in the last 8 quarters

M&M tractor segment market share touches 41.8% in Q1FY22, highest in the last 8 quarters

    M&M tractor segment market share touches 41.8% in Q1FY22, highest in the last 8 quarters

06 Aug, 2021

Farm Equipment Segment Revenue of Rs 5,319 crores and PBIT of Rs 1,081 crores
• The tractor industry witnessed strong demand growth (39%) during the quarter. The growth in company’s volume (48%) led to highest domestic market share in 8 quarters (41.8%)
• The Farm Business delivered excellent performance with highest ever first quarter PBIT and ROCE.

FES Market Share at 41.8%; highest in last 8 quarters



Q1 FY2022

Q1 FY2021

Growth% YOY

Tractor sold




Commenting on Q1 FY22 performance …

Dr. Anish Shah, Managing Director & CEO, M&M Ltd,said, “Our focus on operational efficiency and financial discipline gives us the confidence that our core performance will continue. Our Farm business delivered yet another exemplary quarter result, while our auto business showed demand recovery. Our growth gems are seeing good momentum and we will continue our stringent focus on fiscal discipline.”

Mr. Rajesh Jejurikar, Executive Director, M&M Ltd, said, “We have embarked on the journey of bold, aggressive growth with a good start in Q1 FY2022. FES continued to deliver robust performance both in terms of market share and financial metrics. The demand for our key automotive products also remains strong. With upcoming launch of our most anticipated product XUV700, we plan to ride on the festive season with strong volume growth aided by rebound in Indian economy. However, commodity inflation and semiconductor supply issues continue to be of concern.”




https://images.tractorgyan.com/uploads/2484/60dd3e6d9008c_Escorts-Agri-Machinery.jpeg Escorts Agri Machinery sold 12,533 tractors in June 2021, Up 15.5%
Escorts Ltd Agri Machinery Segment (EAM) in June 2021 sold 12,533 tractors, our highest ever June sales and registering a growth of 15.5 percent again...
https://images.tractorgyan.com/uploads/2486/60dd567e4ace5_Escorts.jpeg जून माह में एस्कॉर्ट्स ने बेचे 12,533 ट्रैक्टर, महामारी के बावजूद 15.5 प्रतिशत की वृद्धि।
एस्कॉर्ट कंपनी ने जून 2021 में अपने फॉर्म मशीनरी सेगमेंट में बिक्री के आंकड़े जारी किए हैं, जिनसे पता चलता है कंपनी ने कविड महामारी के प्रकोप के बावजू...
https://images.tractorgyan.com/uploads/2661/610ba4ae9b4ee_WhatsApp-Image-2021-08-05-at-2.12.18-PM.jpeg M&M Farm Division CEO Shubhabrata Saha resigns
Shubhabrata Saha has ended his over two decade stint with Mahindra & Mahindra as the CEO of Farm Division, the company announced on Wednesday....

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