In January 2022, Mahindra bought 21,162 tractors in India, a decline of 37 per cent in comparison with gross sales performed in the identical month final 12 months. Exports, nonetheless, reached 1,520 items, a wholesome development of 25 per cent over January 2021.
View PhotosLast month Mahindra’s complete tractor gross sales (Domestic + Exports) stood at 22,682 items
Mahindra & Mahindra’s Farm Equipment Sector (FES) has launched its tractor gross sales numbers for January 2022. Last month the corporate’s complete tractor gross sales (Domestic + Exports) stood at 22,682 items, a 35% decline in comparison with the 34,778 tractors bought in January 2021. As for the home market, in January 2022, Mahindra bought 21,162 items in India, witnessing an enormous 37 per cent decline in comparison with the 33,562 tractors bought throughout the identical month final 12 months. Having stated that, export gross sales supplied a silver lining to what was principally a darkish cloud scenario for Mahindra. Last month the corporate exported 1,520 items from India, a wholesome development of 25 per cent, in comparison with 1,216 tractors exported in January 2021.
Also Read: Auto Sales December 2021: Mahindra Farm Equipment Registers 21% Sales Decline In Domestic Market
In January 2022, Mahindra exported 1,520 items from India, a wholesome development of 25 per cent, in comparison with 1,216 tractors exported in January 2021
the efficiency, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra stated, “We have sold 21162 tractors in the domestic market during January 2022. On the back of good rainfall and high moisture content in the soil, Rabi sowing has been very good, and this bodes very well for a bumper crop harvest. Continued Government focus on agriculture, rural infrastructure and higher cash flows with rabi harvest, will lead to positive sentiments and an increase in tractor demand. In the exports market, we have sold 1520 tractors, registering a growth of 25% over last year.”
Also Read: Auto Sales January 2022: Mahindra Reports 20% Growth In Volume At 46,804 Units
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As for 12 months thus far (YTD) efficiency, between April 2021 and January 2022, the corporate’s complete gross sales stood at 3,04,498 items. Compared to the two,95,382 tractors bought throughout the identical interval in FY2021, the corporate noticed a development of three per cent YoY. During the identical interval in FY2022, Mahindra noticed a 1 per cent development within the home market, whereas exports noticed an enormous 69 per cent development at 14,468 items.
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With inputs from NDTV
