01 Aug, 2022
Mumbai, August 1, 2022: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for July 2022.
Domestic sales in July 2022 were at 21684 units, as against 25769 units during July 2021.
Total tractor sales (Domestic + Exports) during July 2022 were at 23307 units, as against 27229 units for the same period last year. Exports for the month stood at 1623 units.
Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 21684 tractors in the domestic market during July 2022. After a very robust Q1 wherein we achieved a volume growth of 18%, the month of July witnessed normalization in volumes. July is traditionally a lean month as the land preparation phase, wherein a tractor finds highest utility, gets over and farmers start sowing their crops. Monsoon, which is a key determinant of Agri growth has stayed on course so far. Overall rainfall has been higher than normal barring few states in Eastern part of the country, which have received deficient rainfall until now. With these states being country's key paddy producing markets, recovery in rainfall is crucial. Festive season falling in later half of August and sufficient rainfalls across most of geographies will shape up the industry in the upcoming months. In the exports market, we have sold 1623 tractors, a growth of 11% over last year.”
|Farm Equipment Sector Summary - July 2022|
*Exports include CKD
Escorts Agri Machinery sold 10,051 tractors in June 2022
Escorts Kubota Limited sold 5,360 tractors in July 2022
VST sold 589 Tractors and 3769 Power Tillers in June'22
Escorts Kubota Limited sold 12,232 tractors in september 2022, Up 38.7% YoY
Faridabad, October 1st, 2022: Escorts Kubota Limited Agri Machinery Segment (Farmtrac tractor, ...
Best Tractors for Agriculture in India 2022 | Tractorgyan
Agriculture is a primary activity carried out in our country nearly, half of the population is engag...
Top 10 Swaraj Tractors Price list in India 2022 | Tractorgyan
Swaraj is a fast-expanding business with a broad range of tractors and farm equipment, solidly ranki...