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Mahindra’s FES Sells 16687 tractors in India during December 2021

Mahindra’s FES Sells 16687 tractors in India during December 2021

    Mahindra’s FES Sells 16687 tractors in India during December 2021

03 Jan, 2022

Mumbai, January 1, 2022: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for December 2021.

Domestic sales in December 2021 were at 16687 units, as against 21173 units during December 2020.

Total tractor sales (Domestic + Exports) during December 2021 were at 18269 units, as against 22417 units for the same period last year.

Exports for the month stood at 1582 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 16687 tractors in the domestic market during December 2021. Degrowth in December has been on account of a combination of factors, including high base of last year and both delayed and very heavy rainfall in some geographies. We expect momentum to recover in the coming months on account of good progress of Kharif procurement bringing liquidity in the hands of farmers and Rabi acreage showing signs of growth over last year. In the exports market, we have sold 1582 tractors, a growth of 27% over last year.”

 

Farm Equipment Sector Summary - December 2021
  December YTD December
  F22 F21 %Change F22 F21 %Change
Domestic 16,687 21,173 -21% 2,68,868 2,53,284 6%
Exports 1,582 1,244 27% 12,948 7,320 77%
Total 18,269 22,417 -19% 2,81,816 2,60,604 8%

*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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