Mahindra’s farm equipment segment sales cross 42,000+ units during September 2023

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(Image courtesy: mahindrafarmequipment.com)
(Image courtesy: mahindrafarmequipment.com)





Mahindra & Mahindra Limited’s Farm Equipment Sector (FES), a division within the Mahindra Group, has revealed its tractor sales figures for September 2023. Domestic sales were at 42,034 units in September 2023 as against 47,100 units in September 2022.












Total tractor sales for September 2023, including both domestic and exports, reached 43,210 units, down from 48,713 units sold during the same period last year. Exports for the month stood at 1,176 units.

Commenting on the performance, Hemant Sikka, President, Farm Equipment Division at Mahindra & Mahindra Limited said, “We achieved sales of 42,034 tractors in the domestic market in September 2023. A strong recovery in Kharif sowing, over 110 million hectares. covers., and the onset of festive fervor is expected to boost farmers’ confidence. Regular September rains have contributed to near-monsoon levels, which will help Rabi sowing, especially But in the central, northern and western regions of the country. In the international market, we have sold 1,176 tractors.”












Summary of Farm Equipment Sector

September

YTD September

F24

F23

% change

F24

F23

% change

domestic

42034

47100

-11%

198724

202305

-2%

Exports

1176

1613

-27%

6346

9744

-35%

yesterday

43210

48713

-11%

205070

212049

-3%

*Exports include CKD.












About Mahindra

[Establishedin1945theMahindraGroupstandsasanoutstandingandhighlyrespectedconglomeratecomprisingmultiplecompaniesoperatingundermorethan100subsidiariesWithaworkforceof260000peopletheGrouphasachievedaleadingpositioninvarioussectorswithinIndiaincludingfarmequipmentutilityvehiclesinformationtechnologyandfinancialservicesFurtheritholdsthedistinctionofbeingtheworld’slargesttractormanufacturingcompanyintermsofproductionvolumeMahindraGroupalsomaintainsastrongpresenceinsectorssuchasrenewableenergyagriculturelogisticshospitalityandrealestate[1945میںقائمہوا،مہندراگروپایکممتازاورانتہائیقابلاحترامجماعتکےطورپرکھڑاہے،جسمیںمتعددکمپنیاںشاملہیںجو100سےزیادہممالکمیںکامکرتیہیں۔260000افرادکیافرادیقوتکےساتھ،گروپنےہندوستانکےاندرمختلفشعبوںمیںایکاہممقامحاصلکیاہے،بشمولفارمکاسامان،یوٹیلیٹیگاڑیاں،انفارمیشنٹیکنالوجی،اورمالیاتیخدمات۔مزیدبرآں،اسےپیداواریحجمکےلحاظسےدنیاکیسبسےبڑیٹریکٹربنانےوالیکمپنیہونےکااعزازحاصلہے۔مہندراگروپقابلتجدیدتوانائی،زراعت،لاجسٹکس،مہماننوازیاوررئیلاسٹیٹجیسےشعبوںمیںبھیاپنیمضبوطموجودگیکوبرقراررکھتاہے۔

The Mahindra Group places a strong emphasis on global leadership in environmental, social, and governance (ESG) initiatives. It is dedicated to promoting rural prosperity and improving urban living conditions, with the ultimate goal of making positive changes in the lives of communities and stakeholders, empowering them to thrive.











First Published: 02 Oct 2023, 09:04 IST


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