Auto Sales March 2022: Mahindra Farm Equipment Records 6 Per Cent Sales Decline In Domestic Market

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On cumulative foundation, Mahindra offered 29,763 models in March 2022 recording a gross sales decline of 4 per cent when in comparison with 30,970 models offered in the identical month a 12 months in the past.


Mahindra sold 28,112 units of tractors in the domestic market.

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Mahindra offered 28,112 models of tractors within the home market.

Mahindra has recorded a gross sales decline of 6 per cent in its farm tools enterprise promoting 28,112 models within the home market as in comparison with 29,817 models which had been offered within the home market in the identical month final 12 months. The firm’s exports in March 2022 went up by 43 per cent, promoting 1,651 models as in comparison with 1,153 models exported in the identical month final 12 months. On cumulative foundation, Mahindra offered 29,763 models in March 2022 recording a gross sales decline of 4 per cent when in comparison with 30,970 models offered in the identical month a 12 months in the past.

Also Read: Auto Sales March 2022: Mahindra’s Passenger Vehicle Sales Grow 65% YoY, At 27,603 Units

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Mahindra’s exports in March 2022 went up by 43 per cent promoting 1,651 models.

Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra Ltd. stated, “We have sold 28,112 tractors in the domestic market during March 2022. Record procurement of Kharif acreage, substantial increase in exports of agricultural products like wheat, sugar and cotton will help improve the financial position of the farmers leading to better cash flow in the rural market to help boost tractor demand going forward. Acreage of kharif crop has already crossed last year’s levels, which augurs well for agri incomes. This will get a further boost with early forecast of a normal monsoon. In the exports market, we have sold 1651 tractors, a growth of 43 per cent over last year.”

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On year-to-date (YTD) foundation, Mahindra Farm Equipment recorded a gross sales decline of two per cent promoting 3,37,052 models in January 2022 – March 2022 interval as in comparison with 3,43,833 models offered in the identical interval a 12 months in the past. The firm exported 17,646 models offered in the identical interval recording a development of 65 per cent when in comparison with 10,665 models exported within the January 2021 – March 2021 interval. Cumulatively, the corporate offered 3,54,698 models within the January – March interval this 12 months recording a flat development when in comparison with 3,54,498 models offered in the identical interval a 12 months in the past.

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With inputs from NDTV

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