Mahindra & Mahindra domestic sales of tractors in May 2020 were at 24,017 units, as against 23,539 units during May 2019. Total tractor sales (Domestic + Exports) during May 2020 were at 24,341 units, as against 24,704 units for the same period last year. Exports for the month stood at 324 units.
Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 24,017 tractors in the domestic market during May 2020, representing a growth of 2% over last year. The timely relaxation of the lockdown for the agricultural sector helped ensure the speedy recovery of tractor demand during May. In the near term, farmer sentiment is likely to remain positive due to several developments including robust Rabi crop production, higher procurement, good price realisations and the forecast of a normal monsoon that bodes well for a good Kharif crop. All these augur well for tractor demand going forward. In the exports market, we have sold 324 tractors”.
Farm Equipment Sector (FD+SD+Gromax)
May
Cumulative May
F20
F21
%Change
Domestic
23539
24017
2%
51034
28733
-44%
Exports
1165
324
-72%
2222
380
-83%
Total
24704
24341
-1%
53256
29113
-45%
*Exports include CKD
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