Mahindra’s Farm Equipment Sector (FES) sold 18,269 tractors (Domestic + Exports) during December 2021, against 22,417 units for the same period last year. Domestic sales dropped considerably, while exports strongly went up by 77 percent for the full year 2021.
Commenting on the performance, Hemant Sikka, President of the Farm Equipment Sector said: “We have sold 16,687 tractors in the domestic market during December 2021. De-growth in December has been based on 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 the 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 1,582 tractors, a growth of 27% over last year.”
Export sales for the full year went up to 12,948 units, an increase of 77 percent.