Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, published its tractor sales numbers for May 2023. Total sales (Domestic + Exports) were at 34,126 units, as against 35,722 units for the same period last year. Exports for the month stood at 1,013 units. In total, slightly less than in May 2022.
Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “Although slightly less than in May 2022, we have sold 33,113 tractors in the domestic market during May ’23. Record high Rabi crop output, good reservoir levels, improved terms of trade for farmers and IMD’s prediction of a normal southwest monsoon, augurs well for the upcoming Kharif season. “