Mahindra Tractor Sold 27209 Tractors, Registered 8% Hike In July 2024
Modified On Aug 01, 2024 06:34 PM
Mahindra tractor sales registered a 8% hike in July 2024, and the tractor sold 27209 units.
As per a recent BSE report, Mahindra Tractor reported a sales gain of 8% by selling 27209 units in July 2024 against 25175 units in July 2023.
The domestic Mahindra tractor sales also show a hike of 6% by selling 25587 units in July 2024. The 24168 unit sales were recorded in July 2023.
Mahindra tractor exports were reported a 61% rise this month. The company exported 1622 units in July 2024 compared to 1007 units in July 2023.
Hemant Sikka, President of Mahindra & Mahindra Ltd.'s Farm Equipment Sector, offered his thoughts on the performance, said, “We have sold 25587 tractors in the domestic market during July’24, at a growth of 6% over last year. South-West monsoon has progressed very well in July, with surplus rainfall in Central, Western and Southern states; while Bihar, Haryana, Punjab and parts of eastern UP and Jharkhand are still in deficient rainfall category. Kharif sowing has progressed considerably across India uplifting farmer sentiments. Higher crop prices for wheat and potato and increase in MSP for all major kharif crops has further elevated farmers sentiments. Rainfall progress remains a key monitorable for the coming months. With budget allocations supporting agri and rural economy and favourable terms of trade for the farmers, the upcoming
festive season is looking very promising for tractor industry. In the export market, we have sold 1622 tractors, a growth of 61% over last year.”
Table for the Mahindra Tractor Sales Report July 2024
Particulars |
July |
April - July (4M) |
||||
FY25 |
FY24 |
% Change |
FY25 |
FY24 |
% Change |
|
Domestic |
25587 |
24168 |
6% |
142517 |
136043 |
5% |
Export |
1622 |
1007 |
61% |
6159 |
4141 |
49% |
Total |
27209 |
25175 |
8% |
148676 |
140184 |
6% |
Mahindra Year-to-Date Sales Report 2024 [April - July (4M)]
In the domestic market, the company sold 142517 units and recorded a 5% gain from April to July 2024 duration. Additionally, on the export side, the company also recorded a rise of 49% by selling 6159 units.
The total year-to-date Mahindra Tractor sales were 148676 units as against 140184 units. This shows a 6% hike in April to July 2024 sales.