Mahindra Tractor Sales Report June 2024: Sold 45888 Units, Raised by 6%

Published - 01 Jul 2024

Mahindra & Mahindra recently announced their tractor sales report for June 2024, showcasing impressive growth. In the domestic market, the company sold 45,888 units, representing a 6% increase from the 43,364 units sold in June 2023. This growth highlights the company's strong presence and demand in the Indian market.

Additionally, Mahindra & Mahindra's exports saw remarkable progress, with 1,431 units sold in June 2024 compared to 1,114 units in June 2023. This 28% rise in exports underscores the company's expanding global footprint and increasing acceptance of its products in international markets.

Overall, Mahindra's total tractor sales for June 2024 were 47,319 units, an increase of 6% from 44,478 units in June 2023.

Mahindra Tractor Sales Data June 2024- Domestic & Export Data

Particulars	June 2024	June 2023	Change %
Domestic	45888	43364	6%
Exports	1431	1114	28%
Total	47319	44478	6%

Year-to-date sales of Mahindra Tractors have gone up. In 2024, the brand sold 121,467 units, compared to 115,009 units in 2023. Domestic sales increased by 5%, reaching 116,930 units in 2024, up from 111,875 units in 2023. However, exports decreased by 45%, with 4,537 units sold in 2024 compared to 3,134 units in 2023.

Particulars	June 2024	June 2023	%Change
Domestic	116930	111875	5%
Exports	4537	3134	45%
Total	121467	115009	6%

Hemant Sikka, President of the Farm Equipment Sector at Mahindra & Mahindra Ltd., commented on the company’s recent performance: “We have sold 45,888 tractors in the domestic market in June 2024, marking a 6% growth compared to last year. This positive trend is supported by the government's recent announcements, including increased foodgrain production, a higher MSP for major Kharif crops, and further advancement of the Southwest monsoon.

These factors are creating positive sentiment among farmers. With retail momentum increasing, driven by land preparation and a rise in Kharif crop sowing, we expect strong tractor demand in the coming months. Additionally, we saw a 28% growth in export sales, with 1,431 tractors sold this June.”

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