Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES) domestic sales in June 2020 were at 35,844 units, as against 31,879 units during June 2019. Total tractor sales (Domestic + Exports) during June 2020 were at 36,544 units, as against 33,094 units for the same period last year. Exports for the month stood at 700 units.
Farm Equipment Sector (FD+SD+Gromax)
June
Cumulative June
F20
F21
%Change
Domestic
31879
35844
12%
82913
64577
-22%
Exports
1215
700
-42%
3437
1080
-69%
Total
33094
36544
10%
86350
65657
-24%
*Exports include CKD
Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 35,844 tractors in the domestic market during June 2020, a growth of 12% over last year. This is our second highest June sales ever. The timely arrival of the south west monsoon, combined benefits of a record Rabi crop, Government support for Agri initiatives and very good progress in the sowing of the Kharif crop have led to positive sentiments among farmers. These underlying factors along with better cash flows in rural markets have helped boost tractor demand during June. It is expected that this demand will continue to remain buoyant in the coming months. In the exports market, we have sold 700 tractors”.
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