Mahindra September sales slightly back

Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES) announced its recent tractor sales numbers. Domestic sales in September 2021 were at 39,053 units, as against 42,361 units during September 2020. Exports went up by 25 percent.

Total tractor sales (Domestic + Exports) during September 2021 were at 40,331 units, as against 43,386 units for the same period last year. Exports for the month stood at 1,278 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 39,053 tractors in the domestic market during September 2021. Strong revival in rainfall during September brought cheers to the farming community, with the entire rainfall deficit wiped off by end of September and monsoon achieving normal levels. This is back-to-back normal or above normal monsoon for the third year. Reservoir levels have improved and excess rainfall in September will lead to high moisture content in the soil, leading to strong Rabi sowing. With initial crop production estimates indicating highest ever Kharif Crop, coupled with the upcoming festive season, we are optimistic of a strong demand in the coming months.
In the exports market, we have sold 1,278 tractors with a growth of 25% over last year.”