Mahindra Tractor Sales 2023: Records 10% Decline in Sales

In April 2023, the combined sales of tractors in both domestic and export markets amounted to 36,405 units, which shows a decline compared to 40,939 units sold in the same period last year.

Mahindra & Mahindra's Farm Equipment Sector (FES), part of the Mahindra Group, has reported a 10% decline in sales. In April 2023, the company sold 35,398 tractors in India, compared to the 39,405 tractors sold in April 2022. The tractor manufacturer has recently released its tractor sales figures for April 2023.

In April 2023, the combined sales of tractors in both domestic and export markets amounted to 36,405 units, which shows a decline compared to 40,939 units sold in the same period last year. Out of the total sales, 1,007 units were exported.

Mahindra Tractor April 2023 Sales Data

Category	FY2023	FY2022	%change
Domestic sales	35398	39405	-10%
Export sales	1007	1534	-34%
Total sales	36405	40939	-11%

According to Hemant Sikka, President of the Farm Equipment Sector at Mahindra & Mahindra, he stated about the performance, "In April 2023, our company recorded a domestic tractor sales figure of 35,398 units, which represents a decline in comparison to the same period last year. This can be attributed to the fact that the high demand-generating festivals of Navratri and Gudi Padwa occurred in March this year, unlike in April last year. However, we are currently experiencing positive market sentiment as harvesting and crop procurement activities are in full swing, especially with wheat procurement surpassing last year's levels. Additionally, with high reservoir levels, the upcoming Kharif sowing season is expected to be favorable, and good cash flow from Rabi crops will enhance liquidity for farmers. On the export front, our company sold 1,007 tractors."

About Mahindra

Mahindra Group, founded in 1945, is a vast conglomerate of multinational companies operating in over 100 countries with a workforce of 260,000 employees. It is renowned for being the foremost tractor company in terms of volume and has established a solid foundation in various industries such as agriculture, renewable energy, logistics, hospitality, and real estate.

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