Total tractor sales (Domestic + Exports) of Mahindra’s Farm Equipment Sector during April 2023, went down compared to April 2022. Total sales were at 36,405 units, as against 40,939 units for the same period last year. Exports for the month stood at 1,007 units.
Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 35,398 tractors in the domestic market during April’23. De-growth comes due to preponement of high demand generating festivals of Navratri and Gudi Padwa in March this year, compared to April last year.
At present, sentiments are upbeat with harvesting & procurement of crops going on in full swing. Wheat procurement is very strong and has already crossed last year’s level. High reservoir levels will aid in Kharif sowing and good cash flow from Rabi crop will further add to liquidity in the hands of the farmers.” In the exports market, Mahindra sold 1,007 tractors, a substantial decrease compared to April 2023.