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Mahindra & Mahindra achieved a 6% rise in tractor sales in June 2024, totaling 47,319 units, highlighting strong domestic and export growth.
Mahindra & Mahindra, a leading tractor manufacturer, has achieved a significant milestone in its latest sales report for June 2024. Let's break down the numbers and what they mean for the company.
In June 2024, Mahindra & Mahindra sold 45,888 tractors domestically, marking a 6% increase compared to the 43,364 units sold in June 2023.
The company's international sales also saw robust growth, with exports reaching 1,431 units in June 2024, up by 28% from 1,114 units in the same period last year.
Combining both domestic and export figures, Mahindra & Mahindra achieved a total sales figure of 47,319 tractors in June 2024, reflecting a 6% year-on-year increase from 44,478 units in June 2023.
Looking at the year-to-date performance up to June 2024, Mahindra & Mahindra sold a total of 121,467 tractors. This comprises 116,930 units sold domestically and 4,537 units exported. The domestic market saw a 5% growth, while exports rose impressively by 45% compared to the same period last year.
Category | June 2024 Sales | June 2023 Sales | Year-on-Year Change |
Domestic Sales | 45,888 units | 43,364 units | +6% |
Export Sales | 1,431 units | 1,114 units | +28% |
Total Sales | 47,319 units | 44,478 units | +6% |
Also Read: Escorts Kubota Tractor Sales Drop by 2.6% in June 2024
Mahindra & Mahindra's latest sales report underscores its strong performance both domestically and internationally. With a 6% rise in total tractor sales for June 2024, the company continues to solidify its position in the global market.