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Mahindra’s FES Sells 19,997 tractors in India during August 2021

Mahindra’s FES Sells 19,997 tractors in India during August 2021

    Mahindra’s FES Sells 19,997 tractors in India during August 2021

01 Sep, 2021

Mumbai, September 1, 2021:

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for August 2021.

Domestic sales in August 2021 were at 19997 units, as against 23503 units during August 2020.

Total tractor sales (Domestic + Exports) during August 2021 were at 21360 units, as against 24458 units for the same period last year.

Exports for the month stood at 1363 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 19,997 tractors in the domestic market during August 2021 over last year. Industry saw a de-growth in August over last year due to high base effect. We saw smart recovery in overall acreage of Kharif crops with most of the key crops posting acreage levels closer to last year sown area, despite erratic monsoon in select markets. With the festive period on the anvil, which also coincides with the harvesting season, we are anticipating a robust demand in the coming months. In the exports market, we have sold 1363 tractors with a growth of 43% over last year”.

 

Farm Equipment Sector
Particulars August YTD August
  F22 F21 %Change F22 F21 %Change
Domestic 19997 23503 -15% 141614 112543 26%
Exports 1363 955 43% 6904 2974 132%
Total 21360 24458 -13% 148518 115517

29%

*Exports include CKD

 

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

 

 

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