Auto Sales November 2021: Mahindra Farm Equipment experiences a 17 per cent drop in gross sales within the home market

Sales development together with home gross sales and exports declined by 15 per cent at 27,681 models as in comparison with 32,726 models offered a 12 months in the past.

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Sales development, together with home gross sales and exports, declined by 15 %.

Mahindra & Mahindra reported a 17 per cent year-on-year decline in its tractor enterprise within the home market at 26,094 models as in comparison with 31,619 models offered in the identical month a 12 months in the past. At the identical time, its exports are exporting 43 % to 1,587 models as in comparison with 1,107 models exported a 12 months in the past. Overall, gross sales development together with home gross sales and exports declined by 15 per cent at 27,681 models as in comparison with 32,726 models offered a 12 months in the past.

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The firm offered 2,52,181 models in April 2021 – November 2021 registering a development of 9 per cent.

Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra mentioned, “We have offered 26094 tractors within the home market throughout November 2021. The de-growth in November 2020 is on account of final 12 months’s greater base and relentless rains in some states. The sentiment stays optimistic on the again of rural good Rabi sowing and better stage of reservoirs. Increase in kharif crop procurement will result in regular money inflows, which is predicted to drive the demand for tractors. In the export market, we now have offered 1587 tractors, 43 % improve over the earlier 12 months.

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On a year-on-year (YTD) foundation, the corporate offered 2,52,181 models in April 2021 – November 2021, registering 9 per cent gross sales of two,32,111 models in the identical interval a 12 months in the past. As far as exports are involved, the corporate registered a development of 87 per cent in gross sales at 11,366 models as in comparison with 6,076 models offered a 12 months in the past. Overall, the corporate offered 2,63,547 models registering a development of 11 per cent as in comparison with 2,38,187 models offered a 12 months in the past.

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