Mahindra Farm Equipment records 6% decline in domestic sales

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On a year-to-date basis, Mahindra sold 29,763 units in March 2022, recording a 4% sales decline from 30,970 units sold in the same month a year ago.



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Mahindra sold 28,112 units of tractors in the domestic market.

Mahindra recorded a 6% sales decline in its agricultural equipment business, selling 28,112 units domestically, compared to 29,817 units sold domestically in the same month last year. The company’s exports in March 2022 increased by 43%, selling 1,651 units compared to 1,153 units exported during the same month last year. On a year-to-date basis, Mahindra sold 29,763 units in March 2022, recording a 4% sales decline from 30,970 units sold in the same month a year ago.

Read also : March 2022 Auto Sales: Mahindra Passenger Vehicle Sales Increase 65% YoY to 27,603 Units

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Mahindra’s exports in March 2022 increased by 43% selling 1,651 units.

Hemant Sikka, President of Agricultural Equipment Sector, Mahindra & Mahindra Ltd., said, “We sold 28,112 tractors domestically in March 2022. The record purchase of Kharif acreage, the substantial increase exports of agricultural products such as wheat, sugar and cotton help improve the financial situation of farmers leading to better cash flow in the rural market to help stimulate demand for tractors in the future Cultivation area Kharif has already surpassed last year’s levels, which bodes well for farm incomes Early forecast of a normal monsoon In the export market, we sold 1,651 tractors, a growth of 43% over to last year.

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Year to date (YTD), Mahindra Farm Equipment recorded a 2% sales decline selling 3,37,052 units between January 2022 and March 2022, compared to 3,43,833 units sold in the same period ago one year old. The company exported 17,646 units sold during the same period, registering a growth of 65% compared to the 10,665 units exported from January 2021 to March 2021. Cumulatively, the company sold 3,54,698 units during the period January-March of this year, recording steady growth from 3,54,498 units sold in the same period a year ago.

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