Mahindra’s agricultural equipment business sells 26,094 units in India in November

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The Agricultural Equipment Sector (FES) of Mahindra & Mahindra Ltd., part of the Mahindra Group, announced its tractor sales figures for November 2021 on Wednesday (December 1). It said domestic sales for November were at 26094 units, compared to 31619 units in November of last year.

Total tractor sales (domestic plus exports) in November 2021 were 27681 units, against 32726 units for the same period last year.

The month’s exports were 1587 units.

Commenting on the service, President of the Agricultural Equipment Sector, Mahindra & Mahindra Ltd. Hemant Sikka, said that “We sold 26,094 tractors in the domestic market in November 2021. The decrease in November 2020 is due to the high base last year and relentless rains in some states. Rural sentiments remain positive due to good Rabi seedlings and high reservoir levels. The intensification of purchases for the Kharif harvest will bring stable cash flow, which should boost demand for tractors in the future. In the export market, we sold 1,587 tractors, an increase of 43% over last year. ”

Agricultural Equipment Sector Summary – November 2021

 

November

November cumulative

 

F22

F21

%Change

F22

F21

%Change

National

26094

31619

-17%

252181

232111

9%

Exports

1587

1107

43%

11366

6076

87%

Total

27681

32726

-15%

263547

238187

11%

* Exports include CKDs

On Mahindra Group

The Mahindra Group, which was founded in 1945, is one of the largest and most admired multinational business federations with 260,000 employees in 100 countries. The company occupies a leading position in agricultural equipment, utility vehicles, information technology and financial services in India and is the largest tractor company in the world by volume. It is strongly present in renewable energies, agriculture, logistics, hotels and real estate.


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