Mahindra Tractor Sales Report May 2023: Tractor Sales Drop 4% to 34,126 Units

In May 2023, the company experienced a slight drop in domestic sales, with a total of 33,113 units sold, marking a 3% decrease compared to the 34,153 units sold in May 2022.

Mahindra & Mahindra has released its tractor sales report for May 2023, revealing a decline in sales both in the domestic and export markets.

In May 2023, the company witnessed a slight decline in domestic sales as it sold 33,113 units, compared to 34,153 units sold in May 2022, reflecting a 3% decrease.

Mahindra's Tractor Sales Report for May 2023 reveals a substantial decline of 35%, with 1,013 units being sold as opposed to 1,569 units in May 2022, in the export market.

Mahindra Tractor Sales- May 2023

Particulars	May 2023	May 2022	Change %
Domestic	33,113	34,153	-3%
Exports	1,013	1,569	-35%
Total	34,126	35,722	-4%

Mahindra & Mahindra has released its year-to-date tractor sales figures for 2023, revealing a decline in both the domestic and export markets.

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In the domestic market, the company experienced a 7% decline in sales, with a total of 68,511 units sold in 2023, as opposed to the 73,558 units sold in 2022.

Year to Date Mahindra Tractor Sales

Particulars	Year to date 2023	Year to date 2022	Change %
Domestic	68,511	73,558	-7%
Exports	2,020	3,103	-35%
Total	70,531	76,661	-8%

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Mahindra's year-to-date tractor sales in the export market have witnessed a significant decline, with a 35% drop recorded. The sales figures indicate that in 2023, a total of 2,020 units were sold, which is a decrease from the 3,103 units sold in 2022.

Hemant Sikka, President of the Farm Equipment Sector at Mahindra & Mahindra Ltd., commented on the company's performance, stating that “they achieved sales of 33,113 tractors in the domestic market in May 2023. The record-breaking harvest of Rabi crops, favorable reservoir levels, improved conditions for farmers' trade, and the Indian Meteorological Department's prediction of a normal southwest monsoon are positive signs for the upcoming Kharif season. Furthermore, the company has sold 1,013 tractors in the export market”.

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