Ad
Ad
Ad
Mahindra & Mahindra recently released its tractor sales report for March 2024, revealing a significant shift in sales numbers compared to the same period last year. The company sold 24,276 units in the domestic market during March 2024, marking a noticeable decline of 28% from the 33,622 units sold in March 2023. However, Mahindra experienced a positive trend in the export market, with sales increasing by 26%. In March 2024, the company sold 1,748 units in exports, compared to 1,392 units in March 2023.
The total sales of Mahindra tractors in March 2024 amounted to 26,024 units, representing a decrease of 26% from the 35,014 units sold in March 2023.
Mahindra Tractor Sales Report March 2024 - Domestic & Export Data
The tractor manufacturer also disclosed the year-to-date (YTD) sales figures from April to March 2024. In the domestic market, Mahindra sold 364,526 units in 2024, a 6% drop from the 389,531 units sold in 2023. Export sales during this period declined by 23%, with 13,860 units sold in 2024 compared to 18,014 units in 2023.
Mahindra Tractor Sales Report March 2024 - Year-to-Date Sales
The cumulative tractor sales for Mahindra in the year-to-date period of 2024 stood at 378,386 units, down by 7% from the 407,545 units sold during the same period in 2023.
Hemant Sikka, President of the Farm Equipment Sector at Mahindra & Mahindra Ltd., commented on the performance, stating, "We have sold 24,276 tractors in the domestic market during March 2024. Government announcements of increased advance estimates of horticulture production and Rabi wheat output higher than last year are expected to bring positive sentiments among farmers. The forecast of a normal South-West monsoon this year is expected to further boost tractor demand in the coming months. In the exports market, we have sold 1,748 tractors, marking a growth of 26% over last year."
Also Read: Escorts Kubota Tractor Sales Drop by 16.7% in March 2024
While Mahindra experienced a decline in domestic tractor sales in March 2024, the company remains optimistic about the future prospects, citing positive agricultural forecasts and an increase in export sales as potential indicators of growth in the coming months.
VST Tillers Tractors Sales Report October 2024: 1,783 Power Tillers and 680 Tractors Sold
VST's October 2024 sales showed strong growth in tractors, but power tiller sales declined, impacting overall year-to-date performance....
04-Nov-24 07:49 AM
Read Full NewsEscorts Kubota October 2024 Sales Report: 18,110 Units, 19.8% Growth
Escorts Kubota Limited saw strong domestic tractor sales growth in October 2024 but faced a notable decline in export sales....
04-Nov-24 06:25 AM
Read Full NewsMahindra Tractor October 2024 Sales Report: 65,453 Units, 30% Growth
Mahindra records 30% growth in October 2024 tractor sales, driven by strong demand, good harvests, and favorable government policies....
04-Nov-24 05:25 AM
Read Full NewsAutoNxt Begins Sales of Electric Tractor for Sustainable Agriculture
AutoNxt begins sales of an electric tractor, promoting sustainable farming with fuel savings, reduced environmental impact, and enhanced efficiency for farmers....
21-Oct-24 07:21 AM
Read Full NewsTAFE Wins Interim Relief in Massey Ferguson Brand Dispute
TAFE wins interim relief in a legal battle over the exclusive rights to the Massey Ferguson tractor brand in India....
19-Oct-24 08:20 AM
Read Full NewsMahindra Arjun 605 DI 4WD Tractor Launched: Aimed at North Indian Farmers
The Mahindra Arjun 605 DI 4WD offers power, efficiency, and advanced features for North Indian farmers' tough farming needs....
15-Oct-24 08:53 AM
Read Full NewsAd
Ad
Mini Tractors vs. Big Tractors: Differences, Pros, Cons, and Which One to Choose?
18-Oct-2024
Top 10 Rice-Producing States in India 2024: Rankings, Insights, Cultivation & Trends
16-Oct-2024
Subhadra Yojana: Empowering Women in Odisha with Rs. 50,000 Financial Support, Eligibility, Benefits, and Objectives
14-Oct-2024
Top 10 Tractors for Farming and Agriculture in India (2024)
11-Oct-2024
How Intercropping Can Help Sugarcane Farmers Increase their Income
03-Oct-2024
PM-KISAN: Financial Support, Eligibility, e-KYC & Application Process
26-Sep-2024
View All Articles
As featured on:
Registered Office Address
Delente Technologies Pvt. Ltd.
M3M Cosmopolitan, 12th Cosmopolitan,
Golf Course Ext Rd, Sector 66, Gurugram, Haryana
pincode - 122002