Mahindra Records 3% Growth in September 2024 with 43,201 Tractor Sales

Mumbai, October 01, 2024: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES) announced its tractor sales for September 2024. Domestic sales were 43,201 units, up from 42,034 units in September 2023. Total tractor sales, including exports, reached 44,256 units in September 2024. This compares to 43,210 units during the same period last year. Exports for the month stood at 1,055 units.

Mahindra Tractor Sales Data September 2024

Mahindra & Mahindra has also released its Year-to-Date (YTD) tractor sales figures for September 2024. The company saw an increase in domestic sales, with 206236 units sold in 2024 compared to 198,724 units in 2023, marking a 4% rise in the domestic market.
On the other hand, Mahindra's YTD Tractor Sales Report for 2024 shows a significant 36% increase in the export market. The company achieved 8,613 units in export sales in September 2024, compared to 6,346 units in September 2023. Overall, Mahindra’s YTD total units sold were 214849 in September 2024, an increase of 5% from 205070 units sold in September 2023. Furthermore, this reflects a substantial rise in the company's export performance. 

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

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd., said, “We have sold 43201 tractors in the domestic market during September, a growth of 3% over last year. Monsoon rainfall has seen an increase of 7.5% over LPA, and this has helped increase the Kharif sowing of all crops except cotton. Reservoir levels have recovered very well and are now at 13% higher than LPA, which augurs very well for a bumper Rabi crop. On the back of a good kharif crop and likely strong Rabi crop, rural sentiments are positive. With positive terms of trade for farmers and upcoming festivals, we expect robust demand for tractors going forward. In the exports market, we have sold 1055 tractors.”

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