By Ayushi Gupta
8875 Views
Updated On:
In January 2024, Mahindra & Mahindra witnessed a 17% decline in domestic tractor sales (22,972 units) and a 25% drop in exports. Overall sales totaled 23,948 units, down 17% from January 2023. Year-to-Date figures revealed a 3% decrease in domestic sales
The tractor sales report for January 2024 by Mahindra & Mahindra was released recently. The company witnessed a 17% decline in its domestic sales, as it sold only 22972 units in January 2024, compared to 27626 units in January 2023. Export sales also fell by 25%, as the company shipped 976 units in January 2024, while it shipped 1300 units in January 2023.
The total sales of Mahindra tractors, including domestic and export, were 23948 units in January 2024, which was 17% lower than the 28926 units sold in January 2023.
Jan 2024 Mahindra Tractor Sales Data
| Particulars | January 2024 | January 2023 | Change % |
|---|---|---|---|
| Domestic | 22972 | 27626 | -17% |
| Exports | 976 | 1300 | -25% |
| Total | 23948 | 28926 | -17% |
Mahindra & Mahindra also shared its Year to Date (YTD) tractor sales figures from April to January for 2024. The company registered a 3% decrease in its domestic sales, as it sold 320129 units in 2024, whereas it had sold 331290 units in 2023. The export sales also suffered a 32% reduction, as the company exported 10561 units in 2024, while it had exported 15450 units in 2023.
Year-to-date Mahindra tractor sales in India
| Particulars | Year to Date FY’24 | Year to Date FY’23 | Change % |
|---|---|---|---|
| Domestic | 320129 | 331290 | -3% |
| Exports | 10561 | 15450 | -32% |
| Total | 330690 | 346740 | -5% |
The company's domestic and export tractor sales statistics for 2024 showed a 3% and 32% drop, respectively, according to its Year to Date (YTD) tractor sales figures from April to January.