Mahindra’s Farm Equipment Sector Sells 45888 Units in India during June 2024

Bengaluru, 01 July 2024: Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group, today announced its tractor sales numbers for June 2024.

Domestic sales in June 2024 were at 45888 units, as against 43364 units during June 2023.

Total tractor sales (Domestic + Exports) during June 2024 were at 47319 units, as against 44478 units for the same period last year. Exports for the month stood at 1431 units.

Commenting on the performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. said “We have sold 45888 tractors in the domestic market during June ’24, a growth of 6% over last year. The government’s announcement of increased foodgrain production, an increase in MSP for major Kharif crops, and further advancement of the Southwest monsoon across the country brings positive sentiments with farmers. With retail momentum having picked up, supported by land preparation and an increase in Kharif crop sowing, demand for tractors is likely to remain strong in the upcoming months. In the export market, we have sold 1431 tractors, a growth of 28% over last year.”

Farm Equipment Sector Summary
		June				YTD June
		F25		F24		% Change		F25		F24		% Change
Domestic		45888		43364		6%		116930		111875		5%
Exports		1431		1114		28%		4537		3134		45%
Total		47319		44478		6%		121467		115009		6%

*Exports include CKD