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Mahindra & Mahindra sold 44,256 tractors in September 2024, showcasing growth driven by favorable crop conditions and demand.
Mahindra & Mahindra Ltd. continues strengthening its presence in domestic and international markets, with impressive tractor sales for September 2024. The company, a well-respected name in the Indian agricultural machinery industry, is known for its innovative tractor models that cater to the diverse needs of farmers.
In September 2024, Mahindra & Mahindra sold 43,201 tractors in India. This marks a 3% increase from the 42,034 units sold during the same period last year. The rise in sales is attributed to favorable monsoon rains, which were 7.5% above the Long Period Average (LPA). This boost in rainfall led to a successful Kharif season, with reservoir levels now 13% above LPA, setting the stage for a strong Rabi crop. These factors have created positive rural sentiments, resulting in increased tractor demand.
While domestic sales saw growth, export sales for Mahindra & Mahindra tractors experienced a slight decline. In September 2024, the company exported 1,055 units, representing a 10% decrease compared to 1,176 units exported in September 2023.
Overall, Mahindra & Mahindra sold 44,256 tractors in September 2024, a 2% increase from the 43,210 tractors sold in September 2023. The improved crop conditions for both the Kharif and Rabi seasons contributed to this growth in total sales.
Particulars | September 2024 | September 2023 | % Change |
Domestic Sales | 43,201 | 42,034 | +3% |
Export Sales | 1,055 | 1,176 | -10% |
Total Sales | 44,256 | 43,210 | +2% |
Between April and September 2024, Mahindra & Mahindra sold a total of 2,14,849 tractors, showing a 5% growth compared to 2,05,070 units sold during the same period last year. Domestic sales stood at 2,06,236 units, a 4% increase, while exports saw a significant rise of 36%, with 8,613 units exported.
Looking ahead, Mahindra & Mahindra expect strong demand for tractors, thanks to favorable conditions for farmers and the upcoming festive season. With their latest models and cutting-edge technology, the company is helping to modernize Indian agriculture and make it more productive.
Particulars | Mahindra Tractor Sales - YTD September 2024 | YTD September 2023 | % Change |
Domestic Sales | 2,06,236 | 1,98,724 | +4% |
Export Sales | 8,613 | 6,346 | +36% |
Total Sales | 2,14,849 | 2,05,070 | +5% |
Mahindra & Mahindra continues to lead the Indian tractor market, delivering quality and innovation to farmers across the country.
Also Read: Gadkari Encourages Tractor Manufacturers to Switch to Alternative Fuels
Mahindra & Mahindra's strong tractor sales in September 2024 reflect favorable agricultural conditions and rising demand. With continued growth in domestic and export markets, the company is well-positioned to meet the evolving needs of Indian farmers, driving productivity and modernization in the agricultural sector.