Mahindra Farm Equipment Sector sells 22417 tractors in Dec 2020

Date: 01 Jan 2021

Mahindra & Mahindra Farm Equipment Sector (FES) announced its tractor sales numbers for December 2020. Domestic sales in December 2020 were at 21,173 units, as against 17,213 units during December 2019.

Total tractor sales (Domestic + Exports) during December 2020 were at 22,417 units, as against 17,991 units for the same period last year. Exports for the month stood at 1,244 units.

Commenting on the performance, Hemant Sikka, President - Farm Equipment Sector, Mahindra & Mahindra Ltd. said, “We have sold 21,173 tractors in the domestic market during December 2020 with a growth of 23% over last year. The wholesale volumes continued to be strong fueled by restoration of channel inventory post the festive season, announcement of hike in tractor prices by major OEMs and anticipation of sustained demand on the back of higher Rabi acreage, GoI support in Kharif procurement & rural development schemes. In the exports market, we have sold 1,244 tractors, a growth of 60% over last year.”

Farm Equipment Sector (FD+SD+Gromax)

December

Cumulative December

 

F20

F21

%Change

F20

F21

%Change

 

 

 

 

 

 

 

Domestic

17213

21173

23%

234277

253284

8%

 

 

 

 

 

 

 

Exports

778

1244

60%

8348

7320

-12%

 

 

 

 

 

 

 

Total

17991

22417

25%

242625

260604

7.4%

*Exports include CKD

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