Mahindra Tractor Sales Report August 2024: Sold 20518 Units, Dropped by 1%

Mahindra & Mahindra has recently released its Tractor Sales Report for August 2024. The report highlights a notable decrease in domestic sales, with the company selling 20,518 tractors in August 2024, from 20,647 units in August 2023. This represents a 1% drop in domestic sales. 

In the export market, Mahindra saw an outstanding 36% increase in sales, achieving 1,399 units in August 2024 compared to 1,029 units in August 2023. This boost in sales underscores the company’s strong performance in the international market. 

Overall, Mahindra’s total tractor sales for August 2024 reached 21917 units, which is an increase from 21676 units sold in August 2023. This highlights a significant 1% increase in total sales, reflecting the company’s robust growth across both domestic and international markets.

Mahindra Tractor Sales Data August 2024

Mahindra & Mahindra has also announced its Year-to-Date (YTD) tractor sales figures for August 2024. The company saw an increase in domestic sales, with 1,63,035 units sold in 2024 compared to 156,690 units in 2023, marking a 4% growth in the domestic market.

On the other hand, Mahindra's YTD Tractor Sales Report for 2024 shows a significant 46% increase in the export market. The company achieved 7,558 units in export sales in August 2024, compared to 5,170 units in August 2023. Overall, Mahindra’s YTD total units sold were 170593 in August 2024, an increase of 5% from 161860 units sold in August 2023. Furthermore, this reflects a substantial rise in the company's export performance. 

Mahindra Tractor Sales Data August 2024 - Year-to-Year Date Summary

Commenting on the performance, Hemant Sikka, President of the Farm Equipment Sector at Mahindra & Mahindra Ltd., stated, "We sold 20,518 tractors in the domestic market in August 2024, a 1% drop over last year. The Southwest monsoon brought surplus rainfall to the central, western, and southern states, although some areas like Bihar and Punjab still had deficient rainfall. Kharif sowing has progressed well, boosting farmer sentiment. Higher crop prices and increased MSP for major Kharif crops have further lifted spirits. With budget support and favourable trade terms, the festive season looks promising for the tractor industry. In the export market, we sold 1,399 tractors, a 36% growth over last year."

Tractor Junction also Offer a Monthly Subscription of Tractor Sales (Wholesale, Retail, Statewise, Districtwise, HPwise) Report. Please Contact us for the detailed report.

Subscribe our Telegram Channel for Industry Updates- https://t.me/TJUNC
Follow us for Latest Tractor Industry Updates-
LinkedIn - https://bit.ly/TJLinkedIN
Facebook - https://bit.ly/TJFacebok